federal reserve

Inflation: New Fed chief’s prickly problem

Inflation: New Fed chief’s prickly problem

When he steps into his new role as leader of the Federal Reserve, incoming Chairman Jerome Powell will face a significant challenge: how to manage a healthy economy without any significant inflation.

Soft inflation has been a prickly problem for the Fed for the last five years, and 2017 didn’t buck the trend. Inflation, which is a measure of the gradual rise in the price of goods and services, has failed to hit the Fed’s 2 percent target even as the labor market expands and the economy grows stronger.

Continue reading Inflation: New Fed chief’s prickly problem at Movement Mortgage Blog.

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