Finance

Fed still faltering on inflation; Evans calls for ‘aggressive’ action

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The Federal Reserve’s more than decade-long quest to generate a healthy level of inflation continues to falter, even with the central bank’s easing turn in 2019 that is targeted specifically at the issue.

Not only has the Fed missed its 2% target for all of this year but it also now faces fading hopes that anything will change for at least the next several years. 

The expected inflation rate a year from now is 2.3%, according to the New York Fed’s survey of consumer expectations released this week. While that number is technically ahead of the Fed’s goal, it has consistently overshot the actual level throughout its existence, often by a full percentage point or more.

October’s reading…



Source cnbc.com

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