Inflation Is Not Transitory – Now What?

An Interview with RMA Journal Editorial Advisory Board Member James Clarke on How Banks, Especially Community Banks, Are Being Affected, and What They Can Do

After a months-long debate on whether high inflation was transitory or long term, a consensus formed toward the end of 2021 that inflation needed to be addressed in the financial industry. In its Semiannual Risk Perspective, the Office of the Comptroller of the Currency cited a spike in year-over- year inflation owing to…