Nick Timiraos(@NickTimiraos):Oil has fed more strongly into core inflation since the pandemic, according to this paper from Fed researchers. But has inflation’s behavior changed? Or have supply shocks become more frequent or persistent? The answer matters for how forcefully central banks should respond.

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

Joined July 2009

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Nick Timiraos@NickTimiraos

2026.11.09 14:24

Oil has fed more strongly into core inflation since the pandemic, according to this paper from Fed researchers. But has inflation’s behavior changed? Or have supply shocks become more frequent or persistent? The answer matters for how forcefully central banks should respond.