Surging inflation is creating a conundrum for the Federal Reserve, economist Nouriel Roubini cautioned on Wednesday, adding that spiking prices will persist and potentially tie the central bank’s hands.
With demand soaring, the resulting supply and labor bottlenecks are lighting a fire under prices. Although the Fed insists the effects are “transitory,” Roubini — also known as “Dr. Doom” for his gloomy economic predictions — warned that the central bank won’t be able to tighten monetary…
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