Fed's Daly: I don't think we'll be at 2% by end of year

• Pandemic in many ways is the culprit behind high inflation
• We have policy-supported demand and fragile supply chains; that's a recipe for inflation
• Going forward, I expect some of this to roll off, helping to get supply and demand back in balance
• Supply chains will hopefully repair as well
• I see well-anchored inflation expectations
• It's time to get back to neutral and looking at if we need to go over neutral
• Inflation is too high

The 2% inflation comment is almost simple math at this problem. We're one-quarter of the way through the year and prices are already up more than 2%. Even if prices didn't go up a cent by year-end from here, 2022 inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term would already be +2%.