Fed's Barkin: Will Take a While to Hit Inflation Target

The video discusses the current state of inflation, noting its slow decline and persistence due to factors like COVID, supply chain issues, and business recovery efforts. It highlights how businesses are leveraging pricing strategies and testing market inelasticity. The disinflationary process is acknowledged, with evidence seen in recent data. The Fed's approach to economic data is cautious, focusing on long-term trends rather than short-term fluctuations, and may adjust rates based on persistent inflation.

What is the significance of understanding pricing as a lever for businesses post-pandemic?

In what ways might the latest data influence the Federal Reserve's decisions regarding interest rates?