Economics

Fed Officials Have Six Reasons to Bet Inflation Spike Will Pass

  • Six factors support the central bank’s view on future prices
  • Inflation expectations, disruptive technology back their view
WATCH: Fed Vice Chairman Richard Clarida says the rise in inflation is largely due to transitory factors.Source: Bloomberg
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While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook.