Inflation Is Falling, and Where It Lands Depends on These Three Things

Wall Street Journal, Feb. 13, 2023–Gwynn Guilford (subscription)
The end of distressingly high inflation is coming into view. Consumer prices gained 6.5% in December, down from June’s 9.1% annual rate, the highest since 1981. There is good reason to think inflation will keep falling, Federal Reserve Chairman Jerome Powell said.
https://www.wsj.com/articles/inflation-is-falling-and-where-it-lands-depends-on-these-three-things-a0353b9d?mod=hp_lead_pos6