Inflation has already hit an almost 40-year record high of 7 percent. But Robert Genetski, one of the nation’s leading economists, said that in 2022 inflation will still be a problem and maybe even rise higher due to too much liquidity and continued strong spending.
“I don’t believe it has [peaked]. We’ve seen this 7 percent rate, and that could be the high, at least for the moment,” Genetski told NTD’s “Capitol Report” on Thursday. “But as we go through next year, my expectation is that inflation is going to still be a problem. I think it’s going to be at least 5 percent. It could be a lot higher.”
