Discussion Paper

Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations


Abstract: Since the start of the pandemic, views about the evolution of aggregate consumer prices moved swiftly from concerns about deflation to fears about excessive inflation. It is hard to find a parallel in the history of the U.S. economy—or the global economy more generally—to this rapid reversal of risks to the inflation outlook.

https://doi.org/10.17016/2380-7172.3043

Access Documents

Authors

Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2022-03-31

Number: 2022-03-31