Fed Not Ready to Declare Mission Accomplished on Inflation
Bloomberg News on Apr 30, 2018
Former Fed Governor Laurence Meyer said that will confront the central bank with “a balancing act” in setting monetary policy in response.
“You can’t go so fast that you’re going to threaten the expansion but you’ve got to go fast enough to limit the overshoot of inflation,” said Meyer, who now heads Washington-based Monetary Policy Analytics Inc. “Is that possible? Probably not.”