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The post-pandemic disinflation was likely driven by Fed commitment and forward-looking expectations.
Drawn from what Noah Smith said
What Noah Smith actually said
- Noah Smith Economics writer; author of the Noahpinion newsletter
The most likely explanation for this “immaculate disinflation” is that as soon as businesses realized that the Fed would do whatever it took to beat inflation, they stopped raising prices — and inflation simply ended.
Added to korrents 13 Oct 2026 · How quotes work · Something wrong? Tell us
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