America's Macroeconomic Outlook
Given the depth of the recession caused by COVID-19 in early 2020, the current state of the US economy and labor market is nothing short of spectacular. And though an inevitable increase in inflation has rained on the parade, there is still good reason to think that it will subside in the medium term.
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BERKELEY – Many who now worry about rising inflation in the United States may disagree, but the US Federal Reserve should take a victory lap. Just consider what the Fed has achieved over the past two years.