I've seen the argument many, many, many times that inflation is up everywhere so there is nothing US-policy specific to what we're seeing. Look at this comparison of US and euro area core inflation (trying to use as comparable measures as possible) and tell me if you agree. pic.twitter.com/9CDX1T5RMF
— Jason Furman (@jasonfurman) December 10, 2021
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Chart Of The Day From Obama Economist Jason Furman
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