UBS On-Air: Paul Donovan Daily Audio 'Details, details'

This morning comment rarely quotes non-economists, but yesterday Federal Reserve Chair Powell said “the process of getting inflation down to 2% still has a long way to go.” That is not true in parts of the US, where inflation is already below 2%. In many other cities, inflation is below 3.5%. The details show that inflation can fall very rapidly. The question is why places like Florida suffer continuous high inflation.