Prices for everyday items are climbing at the fastest rate since the financial crisis. But, it’s likely that Americans will only need to endure the inflation surge for a few more months, former Federal Reserve Governor Randall Kroszner said Thursday.
Inflation has trended at decade-highs for months, fueled by a rebound in Americans’ spending and a bevy of supply shortages. The leap in prices has prompted conservative-leaning economists to question whether inflation will naturally cool off as the Biden administration anticipates.
