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Regional Interests

Oregon economist on inflation concerns

Tables at Portofino restaurant sit empty Monday, April 13, 2020, in Portland, Ore. Restaurants and bars closed March 16 due to the COVID-19 pandemic.
Tables at Portofino restaurant sit empty Monday, April 13, 2020, in Portland, Ore. Restaurants and bars closed March 16 due to the COVID-19 pandemic.

According to Josh Lehner, inflation is “one of the most interesting economic developments to watch” in both the short and long term. Lehner is an economist with the state of Oregon, and he says that despite job losses and supply chain problems in many sectors, incomes are up and so is productivity. He’s hopeful that increased costs for goods and services will correct themselves over time, and it won’t be necessary for the Federal Reserve to raise interest rates, which could trigger a recession. We hear from Lehner about the data he’s watching and what it means for Oregonians.

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