Going Down the Inflation Rabbit Hole
Should we be freaking out about inflation, or is everything a sign that economies are truly on the mend?
Am I supposed to be worried or not?
Photographer: Spencer Platt/Getty Images
The Covid-19 pandemic has been the cause of countless sleepless nights. Now, it seems, inflation has begun robbing people of much-needed rest, just as good news about vaccines keeps rolling in. But is inflation really something we should be worrying about? Treasury yields have some market-watchers sweating, though Janet Yellen and Jay Powell have maintained calm as signs mount that the economy is truly in recovery. Maybe we’re justified in freaking out. Or maybe we all need a nap and some patience.
The Inflation Regime Change Is Already Upon Us — John Authers