Marin Economic Forum: Did You Know? Prices are likely to stay upNovember 03, 2022Copyright © 2022 MarinEconomicForum, All rights reserved.
In this month’s Marin Economic Briefing, MEF Chief Economist, Dr. Rob Eyler, explained how the Federal Reserve (“the Fed”) may decide that getting back to the inflation target of 2% may just be too painful for the economy. That could allow the Fed to slow the rise of interest rates, knowing there was a higher rate of inflation accepted in public sentiment.
The 2% inflation target has been in place since the 1980’s so any move from that target would be historic. But then again, things like the prices of eggs, homes, and other consumables are also historic, and in some cases, likely to remain so.
Contact:Mike Blakeley, Chief Executive Officermblakeley@marineconomicforum.org
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