High inflation, but not stagflation

We all know we’re in a period of high inflation at the moment, but the debate about how persistent it it will end up being, what to do about it, and defining the term “transitory”, continues to bedevil the Federal Reserve and broader financial community. Vanguard’s Global Chief Economist compares today’s inflationary environment to that of the 1970’s era of stagflation to try and glean some valuable insights in this white paper.

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