Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Phelps Says Fed Must Get Inflation Rate Back Up to 2%

Don't Miss Out —
Follow us on:

Dec. 22 (Bloomberg) -- The Federal Reserve should strive to ensure that the inflation rate returns to its goal of about 2 percent, said Nobel-prize winning economist Edmund Phelps.

“What is a central bank for if it’s not to ensure price stability and stability of the inflation rate?” Phelps, a professor at Columbia University in New York, said today in a radio interview on “Bloomberg on the Economy.” He added that the inflation rate is “quite submerged” relative to the central bank’s goal.

To contact the reporter on this story: Sandrine Rastello in Paris at

To contact the editor responsible for this story: Chris Wellisz at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.