Journal Article
Opinion: Inflation and the Road Ahead for Research
Abstract: While the Fed has never been a stranger to criticism, the criticism has been notable and specific during the past year. The subject: inflation. This is of course fully understandable. Memories remain fresh of last spring and summer, when annual inflation in "personal consumption expenditures" — which the Fed targets to grow at just 2 percent per year — reached 7 percent. Current inflation remains well above target.
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Description: Journal Article
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2022
Volume: 22
Issue: 4Q
Pages: 32