Federal Reserve Chair Powell’s five measuring sticks on inflation aren’t holding up very well

(CNBC) Federal Reserve Chairman Jerome Powell, during his August speech at the annual Jackson Hole symposium, laid out five reasons supporting his view that the current run of high inflation will go away. So far, they aren’t holding up very well.

In fact, there are weaknesses in each of the five planks that, if not thwarting it altogether, at least undermine the Fed’s inflation position and give markets and consumers plenty to watch.

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