Posted inChart of the Day

Federal Reserve isn’t fooling anybody on inflation

NEW YORK – Inflation is “running persistently below” the Federal Reserve’s 2% “long-run goal,” and the Federal Open Market Committee “will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent of time and long-term inflation expectations remain well anchored at 2%,” the US central bank’s governing body […]