Pantheon Macroeconomics - The difficulty with the Fed's shift in strategy, to the pursuit of an average 2% inflation target "over time", is that they don't have the means in the near term to push inflation above the target, in order to offset the long period of sub-2% rates.

U.S. | 28 Aug 2020 The Fed's Focus is Jobs, No Hike Unless Inflation Runs Riot
The difficulty with the Fed's shift in strategy, to the pursuit of an average 2% inflation target "over time", is that they don't have the means in the near term to push inflation above the target, in order to offset the long period of sub-2% rates.

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28 Aug 2020 The Fed's Focus is Jobs, No Hike Unless Inflation Runs Riot

By Ian Shepherdson

The difficulty with the Fed's shift in strategy, to the pursuit of an average 2% inflation target "over time", is that they don't have the means in the near term to push inflation above the target, in order to offset the long period of sub-2% rates.

Posted: 27th Aug 2020 in 'U.S.'

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