Causes and Consequences of the Rise in Inflation

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Video duration: 01:07:19
A recent survey of business economists predicted rising prices, labor shortages, and persistent inflation pressures for the foreseeable future. Yet, other observers argue that recent price pressures are a temporary result of pandemic adjustments. They’re more concerned about several powerful deflationary trends that kept inflation below 2 percent for many years prior to the pandemic. So, which is it? How should consumers, investors, businesses, and policymakers form decisions in a world with this degree of price uncertainty? Should we bet on one outcome or the other — or a little bit…

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