Summary of Former Fed Chair Janet Yellen on why the answer to the inflation puzzle matters
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Throughout the longest economic growth cycle in US history, inflation has remained subdued, perplexing economists and policy officials. In a recent speech at the Brookings Institution, former Federal Reserve chair Janet L. Yellen outlines some possible reasons for this change and what impacts it could have on price forecasting and monetary policy prescriptions. Economists, business leaders and analysts interested in deciphering the inflation conundrum will find authoritative insights in this informative report.
About the Author
Janet L. Yellen, formerly Federal Reserve Board chair, is now a Distinguished Fellow in Residence at the Brookings Institution.