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Consumers’ and Economists’ Differing Inflation Views Can Complicate Policymaking

Abstract: Economists and consumers likely think of different concepts when they consider inflation. Economists typically focus on the underlying trend that monetary policy can steer. U.S. consumers appear to think instead about unpredictable changes in prices most relevant to their regular decision-making.

Keywords: Inflation; Monetary Policy;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2019-06-25