I’m calling this conversation with economist ROBERT POLLIN, INFLATION 101: What’s really going on? The current bout of inflation is real, but it is global, not domestic. It’s higher in other economies than in the US. It’s primarily due to the global pandemic and Russia’s invasion of Ukraine. And it may already be over - last two months at normal rate. Yet the Federal Reserve seems intent on risking a recession to fight it with tools that ignore its real causes.