Treasury & Capital Markets /
Viewpoint
The inflation red herring
Far from signalling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded
Joseph E. Stiglitz
9 Jun 2021
Slight increases in the rate of inflation in the United States and Europe have triggered financial-market anxieties. Has US President Joe Biden’s administration risked overheating the economy with its US$1.9 trillion rescue package and plans for additional spending to invest in infrastructure, job creation, and bolstering American families?
