The Federal Reserve could find itself fighting too-low inflation for years to co...
SAN DIEGO - The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may need a new policy framework to lift inflation back up to the Fed’s 2% goal.
“We don’t have a really good understanding of why it’s been so difficult to get inflation back up,” Daly said at the annual American Economics Association meeting in San Diego. Now that at least some of those factors, including U.S.-China trade tensions, have eased a bit, policymakers say they will keep rates where they are, barring a material change in the economic outlook.
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