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The Federal Reserve has evolved since the “Great Inflation” of the 1970s. With new tools and a deeper understanding of the importance of transparency, it is better prepared to meet the dual mandate goals of price stability and full employment, even in challenging times. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Los Angeles World Affairs Council & Town Hall on February 23. ....
The Theory of Average Inflation Targeting - FEDERAL RESERVE BANK of NEW YORK newyorkfed.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorkfed.org Daily Mail and Mail on Sunday newspapers.