Pushing Inflation to Fed Target Will Run Into Tight Labor Market, Researcher Says

A tight labor market is behind about half of the rise in inflation and the other half can be attached to pandemic-related supply factors, according to new research. And bringing inflation down further “will increasingly come up against tightness in the labor market,” said Allan Timmermann, a finance professor at the University of California San Diego’s Rady School of Management and co-author of a new research paper that looks at unemployment and inflation over decades in the U.S. and Europe. “If…

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