“they project inflation to be just under one percent in 2020 1.6 percent in 2021 and 1.7 percent in 2022”Graham Stephan, relaying another source: Inflation — around 1%
Said on Jun 15, 2020, at 5:04 in the video.
The window it was checked over
Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.
Result at every window
All windows are shown, so none is pickedSomebody else's forecast — not scored
What was said around it
concerned about and part of the reason the Fed could print so much money right now and not be concerned about inflation is because people don't have a place to spend it because businesses are shut down and it's unlikely to enter back into circulation anytime soon and even if you don't believe me here's what they said social distancing has led to a dramatic plunge in household spending and earnings household concerns about their economic situation as reflected in consumer sentiment may be leading them to save more for precautionary reasons that's why they project inflation to be just under one percent in 2020 1.6 percent in 2021 and 1.7 percent in 2022 those numbers are all under the recommended 2% of inflation that they aim for every year now as far as my thoughts on this for whatever that is worth I have a feeling that as soon as our economy recovers at that point inflation is something we should absolutely be concerned about there is no way the trillions of dollars of extra money being printed into our economy is not going to devalue the dollar at some point in the long run but I also have a feeling that's gonna be a problem we'll deal with three to five years from now and not so much today
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
More on Inflation
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