Fed policy roundtable: inflation targeting, asset purchases and uncertainty
Academics look at forward guidance, asset purchases, and the “magic” in forecasting models
Inflation remains arguably the most pressing economic issue in the US. Excluding food and energy, the personal consumption expenditure price index increased 5.1% from one year ago in September. Headline PCE inflation was 6.2%. But after a year of tightening at a pace not seen for four decades, experts wonder whether a recession is on the horizon.
To understand the challenges facing the Fed, Central Banking spoke with several economists. The first part of our roundtable conversation is below
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