2 ms·
Yes. This is another way of saying, 'recovery.' It's a little buried because of the writer's insistence on micro-quoting Powell. But the overall message Powe
by mywittyname 6y ago
Yes. This is another way of saying, 'recovery.' It's a little buried because of the writer's insistence on micro-quoting Powell. But the overall message Powell is sending is that 2020 prices were depressed and that we will see a correction in the short term.
Prices for a lot of goods -- gas, travel, hotel, etc -- have been in the dumps since COVID. It should be expected that prices on these goods will rise as the country opens up.
There will probably be a good deal of pressure on labor prices as well. I suspect that many people in the hospitality and service industries have changed careers rather than sit around indefinitely waiting for a 'reopening'.