#653 - The White House & Federal Reserve: Inflation Isn't Here to Stay! Are they right?

News For Reasonable People

English - August 05, 2021 10:00 - 25 minutes - 17.8 MB - ★★★★★ - 7 ratings
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Previous Episode: #652 - Boeing’s turnaround threatened by talent exodus to companies like Amazon, SpaceX

Next Episode: #655 - New restrictions on Washington state police may lead to spike in crime

The White House and the Federal Reserve broadly agree: Inflation isn't here to stay. Red-hot prices will cool off as the US economy reopens.

Most economists seem to concur that inflation is "transitory," as the Fed puts it. Investors aren't freaking out either about the biggest price hikes since 2008.

But the stakes couldn't be much higher here. If the consensus is wrong (as it sometimes is) and inflation remains uncomfortably high, it could threaten the economic recovery, the stock market boom and even the Biden agenda.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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