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Opinion: Inflation and the Road Ahead for Research

Author

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  • Kartik B. Athreya

Abstract

While the Fed has never been a stranger to criticism, the criticism has been notable and specific during the past year. The subject: inflation. This is of course fully understandable. Memories remain fresh of last spring and summer, when annual inflation in "personal consumption expenditures" — which the Fed targets to grow at just 2 percent per year — reached 7 percent. Current inflation remains well above target.

Suggested Citation

  • Kartik B. Athreya, 2022. "Opinion: Inflation and the Road Ahead for Research," Econ Focus, Federal Reserve Bank of Richmond, vol. 22(4Q), pages 1-32.
    • Handle: RePEc:fip:fedrrf:95339
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    File URL: https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/econ_focus/2022/q4/opinion.pdf
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