2min chapter

Very Serious with Josh Barro cover image

Jason Furman on the Inflation That Keeps Going and Going and Going

Very Serious with Josh Barro

CHAPTER

Fiscal Policy

A year ago, you said that fiscal policy would tend to push inflation down. Is it time for a deficit reduction deal? I'm more convinced than ever that at least a substantial portion of this inflation is very durable. And we're going to still need to be disinflating a year from now. It also takes some of the pressure off interest rate hikes.

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