Key Points • Atlanta Fed president Raphael Bostic speaks live to the Peterson Institute for International Economics on inflation on October 12, 2021. • Bostic says the pandemic has turned inflation on its head. The elevated inflation dynamics today are very different from what they were in the months prior to the pandemic. • Bostic says he and the Atlanta Fed believe that "episodic" better describes pandemic-induced price swings than "transitory." By this, he means these price changes are tied specifically to the presence of the pandemic and will eventually unwind by themselves. • He points out, though, that it is ... (full story)