But I expect that these pricing pressures will be temporary, easing over the course of this year as supply bottlenecks are gradually resolved. Beyond this year, some observers have expressed concern that a rapid recovery in aggregate demand amid substantial fiscal support and accommodative monetary policy could lead to undesirably high inflation.
The star of this show is the private sector. Our job is not to mess it up. We can mess it up either by inappropriate action or by the failure to take appropriate action. Challenges in the Good News Economy Recent economic performance has been extraordinarily favorable. Growth over the last year has been among the strongest in the past decade.