Which comes first: inflation or the FOMC's funds rate target?

Journal Article

Abstract: Must the FOMC increase its target before inflation, or will inflation increase and cause the FOMC to increase its target?

Access Documents

File(s): File format is application/pdf https://fraser.stlouisfed.org/title/economic-synopses-6715/comes-first-624287
Description: Full text

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2010

Order Number: 25