The risks of prolonged higher inflation

With consumer prices rising at the fastest pace for three decades, what are the risks of prolonged higher inflation as a result of the current stance of fiscal and monetary policy, and what is the likely impact of an easing of supply bottlenecks? Romesh Vaitilingam sums up the views of a panel of US economists on these two issues. The experts were asked whether they agreed or disagreed with two statements, and, if so, how strongly and with what degree of confidence.