Journal Article

The inflation issue


Abstract: Over the long term, steady job growth requires low and stable inflation. In this special issue of Forefront, Federal Reserve Bank of Cleveland President Sandra Pianalto explains why price stability is essential for maximum employment and how the adoption of a numerical target for inflation may improve the central bank?s ability to achieve both objectives.

Keywords: Inflation (Finance); Consumer price indexes;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Forefront

Publication Date: 2011

Issue: Spring

Pages: 1-32