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Alan Blinder: Inflation Isn’t Transitory, but It Isn’t Permanent Either

While the Fed has interest-rate work to do, food and energy prices will level off and supply chains will heal. The Federal Reserve is in the early stages of tightening monetary policy to fight inflation. Most Fed watchers expect 50-basis-point interest rate hikes in June and July and more after that. Quantitative tightening to shrink the

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Posted: June 1, 2022 Wednesday 06:34 PM