Fed in Print
All Title Author Abstract Keywords
Bank Series Content Type Author JEL Classification Keyword

Discussion Paper

Anchored or Not: A Short Summary of a Bayesian Approach to the Persistence of Inflation


Abstract: Consumer price inflation in the United States, as measured by the Consumer Price Index, jumped to just above 7 percent in the twelve months ending in December 2021. Inflation in 2021 reached the highest level seen since the early 1980s. The jump in inflation outside of the range experienced over several decades has raised questions regarding the speed with which, or the degree to which, inflation may return to the 2-percent range consistent with the Federal Reserve's inflation objective.

https://doi.org/10.17016/2380-7172.3049

Access Documents

File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/anchored-or-not-a-short-summary-of-a-bayesian-approach-to-the-persistence-of-inflation-20220408.htm

Authors

Bibliographic Information

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

Part of Series: FEDS Notes

Publication Date: 2022-04-08

Number: 2022-04-08