Real or Inflated? What to Make of Inflation Concerns?
The Consumer Price Index has risen by an average of 0.7 percent per month over the last three months, is now 5 percent higher than a year ago, and is already up 2.7 percent in just the first five months of 2021. While many view current high rates of inflation as transitory, some have raised concerns about more persistent price pressures.
This virtual event featured a panel of experts discussing why inflation is running higher-than-usual in the short-term, whether they expect elevated inflation to persist, and what effect transitory or sustained inflationary pressures could have on households, businesses, and the macroeconomy.
Maya MacGuineas, Committee for a Responsible Federal Budget
Overview and Presentation:
Marc Goldwein, Committee for a Responsible Federal Budget
Tim Duy, SGH Macro Advisors and the University of Oregon
Wendy Edelberg, Brookings Institution’s Hamilton Project
Jason Furman, Harvard University's John F. Kennedy School of Government
Ian Shepherdson, Pantheon Macroeconomics
Moderator: Greg Ip, The Wall Street Journal