Journal Article
The outlook for the economy and inflation, and the case for Federal Reserve independence
Abstract: A massive structural budget deficit threatens the long-term economic health of the United States. But the fiscal imbalance won't necessarily fuel inflation as long as the Federal Reserve retains the independence to pursue its objectives of maximum sustainable employment and price stability. The following is adapted from a presentation made by the president and CEO of the Federal Reserve Bank of San Francisco to Town Hall Los Angeles on March 23, 2010.
Keywords: economic conditions - United States; Federal Reserve System - Independence; Economic forecasting - United States; Inflation (Finance);
Access Documents
File(s): File format is text/html http://www.frbsf.org/publications/economics/letter/2010/el2010-10.html
File(s): File format is application/pdf http://www.frbsf.org/publications/economics/letter/2010/el2010-10.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2010
Order Number: 10