Jan Hatzius, Chief Economist at Goldman Sachs, believes that there are strong reasons to support the view at the Federal Reserve (Fed) that inflation is temporary.
.p65)
“The current rise in prices is being driven by outliers that will soon dissipate, resulting in prices coming back to normal levels ahead.”
"This suggests that Fed officials can stick with their plan to exit only very gradually from the easy current policy stance.”
Inflation to eventually surpass the Fed's targets on a sustainable basis – JP Morgan
.p45)
“Inflation expectations have also increased beyond what may be achievable in the near term.”
“Inflation is on the upswing in our view and will eventually surpass the Fed's targets on a sustainable basis.”
“However, expectations have increased too and now price this rise in many asset markets.”
Reference: FXStreet
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