On the narrow point, Krugman may be correct. As the inflation rate has declined, we have not seen a spike in unemployment despite there often being an inverse relationship between the two in the short ...

At Wednesday afternoon’s press conference following the two-day conclave of the FOMC, Fed chair Powell repeatedly invoked two words. Those words were: uncertainty, and transitory. Even if the ...

Last week, the Bureau of Labor Statistics reported that inflation—as measured by the annual change in the Consumer Price Index—fell to 3 percent in June, down from a high of 9 percent last summer. The ...

I think that if we do see a large universal tariff hike, it would qualify as 'transitory inflation.' I follow a strict definition of relative price shifts: the overall price level/aggregate inflation ...