Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations
Abstract: Since the start of the pandemic, views about the evolution of aggregate consumer prices moved swiftly from concerns about deflation to fears about excessive inflation. It is hard to find a parallel in the history of the U.S. economy—or the global economy more generally—to this rapid reversal of risks to the inflation outlook.
Part of Series: FEDS Notes
Publication Date: 2022-03-31