December 23, 2024

Inflation could take several years to get back to 2%, Cleveland Fed researcher says

 Inflation could take several years to get back to 2%, Cleveland Fed researcher says

Inflation could take several years to get back to 2%, Cleveland Fed researcher says

A senior research economist at the Federal Reserve’s Cleveland branch, Randal Verbrugge, says the intrinsic characteristics of inflation make it unlikely to get down to the Fed’s 2% target in a timely way.