, Columnist
Inflation Needs Subtlety Right Now. It’s Getting Trump
What had been a steady decline is definitely stuck, and it’s feeding through into higher expectations for interest rates next year.
About that inflation problem.
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Subtlety has been in short supply recently, particularly on the increasingly political subject of inflation. That’s a pity because the problem in the US is now a finely balanced one, and policymakers will require great subtlety to deal with it. A fair amount is at stake.