Between the end of the Great Recession in June 2009 and the close of 2017, inflation remained below the Federal Reserve’s 2% goal. Economists Tim Mahedy and Adam Shapiro explore the landscape of a low-inflation environment and the surprising factor behind it. Whether the 0.5% rise in consumer prices in January 2018 signals the start of an inflationary trend or turns out to be a short-term spike is unclear, but getAbstract nonetheless recommends this astute report to analysts, economists and executives interested in what drives inflation.
About the Authors
Tim Mahedy is an associate economist at the Federal Reserve Bank of San Francisco, where Adam Shapiro is a research adviser.