
“Transitory” refers to (1) a set of facts about the pattern of price increases, and their causes, and (2) a label for certain monetary policy positions. In this first of two parts, we’ll look at the factual aspect.
“Transitory” refers to (1) a set of facts about the pattern of price increases, and their causes, and (2) a label for certain monetary policy positions. In this first of two parts, we’ll look at the factual aspect.