Federal Reserve Bank of Richmond President Thomas Barkin said on Monday that for the next half of the year, he is likely to shrug off what he expects to be a short-lived rise in inflation as the economy recovers from the impact of the coronavirus pandemic.
When it comes to measuring inflation, “the classic measure, which is the 12-month trailing [Personal Consumption Expenditures price index], you’ve just got to look through that for the next six months” as those readings will rise in part due to comparisons to last year’s…
