Prof. Paul Vaaler Interviewed on WCCO News on the Current State of Inflation
Professor Paul Vaaler was interviewed on WCCO News to discuss the current state of inflation. Commenting on the matter, Professor Vaaler shared, "I see a lot of really positive things. For example, we're back at all-time unemployment lows, especially here in the Twin Cities, somewhere around 2%, 3%. That's frictional unemployment. The extraordinary times may be behind us. What is that Chinese proverb? 'May you live in interesting times.' Maybe they're gonna get a little less interesting in the near term," Vaaler said. "Trends tell you a lot. And the trends right now, especially in the last six months, have been a decrease in inflation. But a really great employment market for individuals. Those are two good harbingers."