Do Consumers Think High Prices Will Be Long Lasting? | National Review

Do Consumers Think High Prices Will Be Long Lasting? | National Review

According to the latest New York Fed data, consumers think elevated inflation is here to stay for the next 3 years. They don’t think it’s a short-term problem. If inflation is above 3.5% 3 years from now, then the Fed would have exceeded its inflation target. (Source: Apollo.) pic.twitter.com/Tlpz2bhJo8

— Michael R. Strain (@MichaelRStrain) August 14, 2021





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About the Author

Tony Beasley
Tony Beasley writes for the Local News, US and the World Section of ANH.