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Jason Furman: This inflation is driven by strong demand, not kinks in supply chains
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Jason Furman, a former chair of President Barack Obama’s Council of Economic Advisers, is professor of the practice of economic policy at Harvard University’s John F Kennedy School of Government and senior fellow at the Peterson Institute for International Economics
Commentators have generally offered two arguments about advanced economies’ performance since Covid-19 struck, only one of which can be true. The first is that the economic rebound has been surprisingly rapid, outpacing what forecasters expected and setting this...
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