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Maintaining price stability in a global economy

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Abstract

Inflation has risen of late, reflecting higher prices for many commodities. The inflation rate is likely to peak around the middle of 2011 and then return to an annual level of about 1 to 1%. A sustained period of high inflation is very unlikely and the Fed will act quickly and decisively to ensure price stability. The following is adapted from a presentation made by the president and CEO of the Federal Reserve Bank of San Francisco to Town Hall Los Angeles on May 4, 2011.

Suggested Citation

  • John C. Williams, 2011. "Maintaining price stability in a global economy," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may9.
    • Handle: RePEc:fip:fedfel:y:2011:i:may9:n:2011-14
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    2. Carvalho, Carlos & Nechio, Fernanda, 2014. "Do people understand monetary policy?," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 108-123.

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