For most of the year, the Federal Reserve has insisted that inflation is one thing, transitory. But recently that has begun to change.
Last week, the central bank announced it would accelerate tapering of its large-scale bond-buying program and set the stage for as many as three interest rate increases next year.
We take a look at the latest news out of the Fed and what it could mean for the economy.
Guests:
David Harrison, reporter covering the Federal Reserve for The Wall Street Journal
Richard Sylla professor emeritus of economics at New York University's Stern School of Business
Chris Farrell, senior economics contributor for Marketplace
Adam M. Grossman, founder of Mayport, a fixed-fee wealth management firm, and contributor to the HumbleDollar