White House officials blame rising inflation on the pandemic — but how long will it last?
In a CBS interview on Sunday, Treasury Secretary Janet Yellen said that the cause of inflation is the pandemic and continuing to fight COVID-19 will help the economy return to normal. But as consumer prices have risen over the past year, economists keep saying that high inflation is only transitory.
Here & Now‘s Scott Tong speaks with Derek Thompson, staff writer for The Atlantic, about the causes of rising inflation and how long it’s expected to last.
This article was originally published on WBUR.org.
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