Reserve Dollar

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United

Jerome Powell

Chair

<div class="watcher-guru">  
 <p>Although the rate in the US has risen by 3.7% compared to last year, economist Paul Krugman has stated that the war on <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> is “pretty much over.” Additionally, Krugman noted that the war was won without the arrival of a recession. Contrary to forecasts made by a host of notable analysts. </p> 
 <p>In a post made to X, formerly Twitter, Krugman discussed the <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> fight in the United States. Moreover, he noted that there is still a chance for a recession. Subsequently, he stated that its presence would be due to policy that isn’t a clear necessity.</p> 
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    <p lang="en" dir="ltr">And bear in mind that core is still being distorted by lags in the measured price of shelter. So basically the data are now saying that the war on <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> has been pretty much won — without a recession 2/</p> 
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    </div> — Paul Krugman (@paulkrugman) September 13, 2023
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 <p><strong>Also Read: US Inflation Rises to 3.7% </strong></p> 
 <h2 class="wp-block-heading" id="h-economist-says-inflation-war-is-over-without-a-recession">Economist Says Inflation War is Over, Without a Recession </h2> 
 <p>The United States’ economic condition can certainly be categorized as fragile over the past year. Indeed, the Federal Reserve answered inflation figures with an interest rate hike campaign that lasted a year. Subsequently, that rate hike was paused in August, with the country waiting to see what the Fed does at its September meeting. </p> 
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 <p>Responding to Wednesday’s Consumer Price Index, economist Paul Krugman said that the war on inflation is “pretty much won.” Subsequently, he pointed out that it has concluded without a recession taking place. Something that certainly went against prediction. </p> 
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  <img decoding="async" width="1024" height="683" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Economist Paul Krugman has said that the war on inflation is &quot;pretty much won&quot; and that victory has come without a recession" class="wp-image-54650 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 800w" data-eio="j">
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   <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp" alt="Economist Paul Krugman has said that the war on inflation is &quot;pretty much won&quot; and that victory has come without a recession" class="wp-image-54650" srcset="https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/7ea4d1db1bc6e41918ab67af70b4cf80.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: PBS
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 <p><strong>Also Read: US is Dealing With Inflation Far Better Than Europe </strong></p> 
 <p>The perspective is one that was expressed by Krugman in a New York Times Piece. Then, he noted that data shows underlying inflation has been cut in half. Additionally, referencing “noisy data” from price estimation could show some economic setbacks. </p> 
 <p>That is likely what Krugman attributes to last month’s data. He noted in his post that core <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> was “distorted by lags in the measured price of shelter.” Ultimately, Krugman has explored what is called the “Goldilocks” scenario. There, <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> would fall without the presence of a recession. Additionally, there have been indicators in the data that further policy tightening wouldn’t be required for <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> to continue falling.&nbsp;</p> 
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 <p>Yet, Fed Chair Jerome Powell has spoken on the contrary. In a recent statement, he noted that the Fed is prepared to continue raising interest rates. Citing the <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> fight, Powell seemed to assure that those hikes are more of a certainty for the coming months.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>inflation</li>
  <li>united states</li>
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</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/inflation-war-is-pretty-much-won-says-economist-paul-krugman-tbt62655.html">https://thebittimes.com/inflation-war-is-pretty-much-won-says-economist-paul-krugman-tbt62655.html</a></p>

Inflation War is 'Pretty Much Won' Says Economist Paul Krugman

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