We’ve put it off for a long time, but it’s time to talk about the I-word. Nine letters, three syllables: inflation. The Federal Reserve likes it around 2%, but it’s been a long time since we’ve gotten there. As this economy inches back on track, consumer prices are going up and the investor class is getting spooked. Meanwhile, Fed Chair Jay Powell is keeping interest rates low. So what’s going on? Here to make us smart (and calmer) about it all is Brown University political economist Mark Blyth.
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