IMF's Gopinath:It will be challenging to bring inflation back to Fed target w/o turbulence

The IMF's Gita Gopinath is weighing in on the US economy and 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 saying:

• it will be challenging to bring inflation back to Federal Reserve target without turbulence
• The relevant question is not whether inflation peaked, but whether it will stay significantly above the Fed's target for a long time
• Based on current projections, US inflation could stay above Fed's target for a long time, there is risk of inflation expectations that the anchoring
• There is a narrow path for US rates not to go up by much, but risk is the possibility of much a steeper rate increases

Not great news from IMF's Gopinath on US inflation going forward