AI Evaluation Notes

The prediction stated that inflation would be transitory and 'come and go quickly,' and that the Federal Reserve believed this. As of September 2025, the annual inflation rate was still 3%, indicating it did not quickly subside. While some Federal Reserve officials in 2025 still discussed 'transitory inflation' related to specific factors like tariffs, the broader consensus from the Federal Reserve shifted away from considering overall inflation as generally transitory, and it remained above their target.