Here Are Six Reasons Why Inflation Will Not Be Transitory
Here Are Six Reasons Why Inflation Will Not Be Transitory
The dollar’s depreciation is unlikely to be transitory.
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In July 2011, when Chairman Ben Bernanke provided this testimony to Congress, accelerating inflation was on everyone’s minds. Oil prices had risen to above $110 per barrel during the first half of the year, and the cost of filling up a car tank with gasoline had doubled from what it had been just two years earlier. Food prices were…