Inflation is now at 7%, the highest in 40 years, and will stay until 2024 – Steve Hanke

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Headline CPI climbed to 7% in December 2020, the highest degree considering that 1982, according to data launched Wednesday by the U.S. Bureau of Labor Statistics.

Steve Hanke, professor of used business economics at Johns Hopkins University informed David Lin, support for Kitco Information, that inflation will likely remain elevated till 2024, after which the Federal Reserve will have to concentrate on reducing the money supply.

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#economy #inflation #Fed
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