AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Navigating Inflation: The Fed's Dual Mandate
This chapter explores the complexities of inflation forecasting and the historical context of the 2% inflation target established by New Zealand. It highlights the challenges the Federal Reserve faces in balancing price stability with maximum employment while addressing the implications of inflation on societal goods and inequality. The discussion also evaluates potential deflation scenarios and their impact on market behaviors, alongside insights into interest rate expectations and monetary policy effects.