How High Should Inflation Be? Economists Are Split and the Fed Has to Pick a Side
Source ↗
👁 0
💬 0
The post How High Should Inflation Be? Economists Are Split and the Fed Has to Pick a Side appeared first on 24/7 Wall St..
The Federal Reserve has a stated inflation target of 2%. The July PCE report showed headline inflation running at 3.7% year over year and core PCE at 3.34%.
On CNBC from Jackson Hole, economists split over whether the Fed should accept 2.5% or press toward the target. Jason Furman argued the labor-market pressure that drove earlier inflation has faded. Allison Schrager ackn
The Federal Reserve has a stated inflation target of 2%. The July PCE report showed headline inflation running at 3.7% year over year and core PCE at 3.34%.
On CNBC from Jackson Hole, economists split over whether the Fed should accept 2.5% or press toward the target. Jason Furman argued the labor-market pressure that drove earlier inflation has faded. Allison Schrager ackn
Comments (0)