Journal Article

Which comes first: inflation or the FOMC's funds rate target?


Abstract: Must the FOMC increase its target before inflation, or will inflation increase and cause the FOMC to increase its target?

Keywords: Inflation (Finance); Federal funds rate; Federal Open Market Committee;

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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/10/ES1025.pdf

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2010

Order Number: 25