Fed's Goolsbee Speaking On 'Economics, Applied' Podcast Says Better To Assume Bigger Negative Supply Shocks Have Persistent Effect On Inflation, As With Tariffs, COVID And Possibly Oil
https://www.hoover.org/plus/podcasts/economics-applied
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Why It Matters
A Fed leader said big supply shocks like tariffs can stick around and keep prices high. When you see news about tariffs or supply problems, watch if companies say prices stay up longer.
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