After 14 conferences, a couple dozen research papers and presentations and some ...
WASHINGTON - After 14 conferences, a couple dozen research papers and presentations and some very dense math, the Federal Reserve’s hunt for a better way to reach its inflation target may boil down to a single word: symmetric.
The persistent run of U.S. inflation below the central bank’s 2% target for most of the post-financial crisis era has bedeviled Fed officials eager to avoid the anemic growth and even falling prices that plague Japan and Europe. A simpler alternative may have already been put into motion: Pledge to keep rates at the current low level until inflation rises, and make clear in any statements or speeches that the Fed will be in no rush to squelch it when it does.Over the past year Fed Chairman Jerome Powell and policymakers in general have made that point clear, leaning heavily on the word “symmetric” to describe their inflation target.
By contrast, it never appeared more than once in a statement under former Chair Janet Yellen, and she used the term sparingly in her press conferences. Fed Governor Lael Brainard has coined another term for it - “opportunistic reflation” - that captures the spirit of some of the more complicated systems debated this year without the same risk, complexity or strict policy commitment. St. Louis Fed President James Bullard has said ideas discussed during the review would be worked into policy “slowly over time” rather than written “in stone.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What to watch today: Dow to fall, Trump impeachment articles coming and USMCA deal nearU.S. stock futures were pointing to a second straight day of losses as Sunday's deadline for new U.S. tariffs on Chinese goods looms
Leer más »
Dow sinks 105 points as health-care selling and worries about China's economy weigh on marketU.S. stocks ended solidly lower Monday as buying appetite abated, following economic reports that pointed to weakness in China's economy, highlighting...
Leer más »
What to watch today: Dow to fall, impeachment enters new phase and Disney owns 2019 box officeU.S. stock futures point to modest losses at the Monday open following Friday's strong rally that erased the S&P 500's losses for the week.
Leer más »
U.S. banks' reluctance to lend cash may have caused repo shock: BISThe unwillingness of the top four U.S. banks to lend cash combined with a burst ...
Leer más »
US futures point to slightly lower openU.S. stock index futures were slightly lower on Monday.
Leer más »
NFIB small-business index jumps in NovemberSmall-business owners' confidence in the U.S. economy rose in November, its largest month-over-month gain since May 2018, as owners continued to invest, hire...
Leer más »