Former Fed Official Calls for Abandoning Focus on Core Inflation in Medium-Term
Elevated food prices are caused by increased global demand that shows
no signs of letting up, and monetary policy should stop excluding
food prices and start to focus on total, rather than core,
inflation, wrote a former official from the Federal Reserve.
“With respect to monetary policy, the U.S. Federal Reserve should no
longer use the
excludes the newly meaningful behavior of food prices,”
she said.
Original post by Mortgage News Daily - Mortgage And Real Estate News
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