Comparison of Historical Economic Events and Current Impact of COVID-19 on Inflation

Inflation for January rose higher than expected. Is this a one-off blip? Or is it a sign that the remaining inflation in the system is "sticky", and going to prove harder for the Federal Reserve to get under control? Some analysis have been warning that we may be falling into the same trap as we did in the 1970s, which saw a series of rollercoaster surges and drops in inflation until Fed Chair Paul Volker was forced to rise interest rates up to a crippling 20% to get prices under control. Is that kind of pain possibly in our future? To find out, we're fortunate to hear today from Michael Lebowitz, portfolio manager at Real Investment Advice. He works closely with Lance Roberts, who regular viewers see on this channel with me every Saturday.

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