Inflation, inflation expectations, and monetary policy - presentation at the Copper Development Association, Global Market Trends Conference, Oak Brook, Illinois, September 8, 2006
Abstract: Understanding why the prices of commodities, like copper, increase or decrease is one of the many pieces of the puzzle that we as policymakers try to fit together to help us figure out how the economy and inflation will perform in the future. Inflation is what the Federal Reserve can control - not the price of oil or copper or any other commodity. By anchoring the inflation expectations of households and businesses, we will help sustain the prosperity that generations of Americans have come to enjoy. And as we learn more about how inflation expectations are formed, we can do our job as monetary policymakers even better.
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Speech
Publication Date: 2006