Excerpt
June 30, 2021, Video: "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 convened on June 30, 2021 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." Watch Via the Committee for a Responsible Federal Budget on Youtube
HKS Author - Jason Furman