How high might inflation in US go? "If the ongoing fiscal expansion reduces unemp to 1.5-3.5%, underlying inflation could rise

How high might inflation in US go? "If the ongoing fiscal expansion reduces unemp to 1.5-3.5%, underlying inflation could rise to about 2.5-3% by 2023.” In line with Fed target average infl target
Ball, @GitaGopinath et al lay down some good sense!
voxeu.org/article/us-inf… https://t.co/u4zBOK8owr

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