For more business and finance explainers, check out our Yahoo U page.
Everyone is using the t-word in describing the high inflation of the COVID-19 recovery period: transitory.
Politicians are using it, academics are debating it, and companies are referencing it. The term has been most heavily used by the Federal Reserve, the economic steward that has tried to reassure Americans that the rapid pace of price increases will moderate in time.
The question is: How long will it take?
“The t-word, I…
Source link
