, Columnist
Read the Runes. Inflation Is Showing Some Staying Power
Persistent price pressures would be a severe test for the Fed, just as shifting politics raise questions over its future leadership.
Open to interpretation.
Photographer: Jeppe Gustafsson/AFP/Getty Images
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How worried about persistent inflation should we be? And perhaps even more to the point, how worried is the Federal Reserve likely to be? Digging into the latest data release suggests that the risks of persistent inflation are increasing, while shifting politics in Washington D.C. suggest that we may soon have a new and relatively unfamiliar senior team at the top of the Fed to interpret those data.