We May Be Getting Used to High Inflation, and That’s Bad News
Wall Street Journal
The more people behave as if high inflation is here to stay, the likelier it is to stay. That would force the Federal Reserve to choose between inducing a potentially deep recession to force inflation lower, or giving up on its 2% inflation target.
https://www.wsj.com/articles/we-may-be-getting-used-to-high-inflation-and-thats-bad-news-d3a63e6f