By Theron Mohamed, Business Insider
Paul Krugman, a Nobel Prize-winning economist, doesn’t know what to make of the current US economy.
“We don’t have a very clear picture of what’s happening to inflation right now,” he said in a recent New York Times column, describing the situation as “murky” and “genuinely confusing.”
The pace of price growth surged as high as 9.1% last summer, spurring the Federal Reserve to hike interest rates from nearly zero to upwards of 4.5% in a bid to cool inflation…
New York Times’ article Wonking Out: Peering Through the Fog of Inflation (no paywall) >