Why Inflation May Not Be Heading Back to 2%

Inflation isn’t heading back to 2%, according to Pippa Malmgren, author and former adviser to President George W. Bush. She says it’s more likely to stay around 4 to 5%. Why? Malmgren contends that it’s because the main problem facing economies today is tied to supply and demand, and that means traditional inflation-fighting tools won’t really work. Malmgren joins this week’s episode of Merryn Talks Money to talk inflation targets, geopolitics and Britain's future in space. Sign up to John Stepek's daily newsletter Money Distilled. https://www.bloomberg.com/account/newsletters/uk-wealthAnd sign up to be in the audience of our live podcast taping at Bloomberg Invest: Strategies For Wealth Creation: bloom.bg/3kTCmbH See omnystudio.com/listener for privacy information.