How Dylan got inflation wrong
Today, Explained
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The Misjudgment of Inflation Forecasts
This chapter examines the miscalculation of inflation trends leading into 2021 and 2022, focusing on the prevailing belief that inflation would not persist. It highlights the optimistic predictions of economists and the Federal Reserve and contrasts them with the few exceptions who foresaw rising inflation, showcasing a significant failure in economic forecasting.
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