How Inflation Expectations Feed Into Price Setting at Firms Speaking of the Economy

Felipe Schwartzman and Sonya Waddell discuss their research on the relationship between inflation and firms' expectations for their costs and prices, informed by the responses to special questions added to the Richmond Fed's business surveys since 2021.
Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2024/speaking_2024_03_06_inflation_expectations