Benchmark
The Fed's New Dashboard Is All About Inflation
Officials mentioned five measures in their December minutes
Is the Fed Outlook for Inflation Realistic?
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Janet Yellen and her Federal Reserve colleagues have long tracked an entire dashboard of employment indicators to gauge whether the U.S. is approaching full employment. Now, officials are shifting their focus to price pressures.
Rather than simply monitoring headline inflation — which is far from the Fed's 2 percent goal, held back by a slump in oil prices and a strong dollar — officials are looking at an array of indicators, the minutes from policy makers' December meeting suggest.