How is "Transitory" Inflation Going?
Economics Explained
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How Bad Will This Inflation Get?
If inflation is allowed to rise into double digits for any more than a year or two, it would radically compromise the us. Do's position as the world reserve. The last thing the fed wants is to undo all their hard work by posing higher rates on an economy that is still dealing with an ongoing health crisis. If this period of high inflation really is temporary, then it could act as somewhat of a catch up period for the fed.
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