Yellen Watching What She Eats Would Help Track Prices: Economy
This article is for subscribers only.
The next time Federal Reserve Chair Janet Yellen grabs dinner at her favorite eatery, she might want to take a longer look at the cost of her entrée.
That’s because menu prices don’t change as often as those for many other goods and services. When they do increase, the move has to count, and it’s a sign restaurant owners see inflation bubbling, according to Michael Bryan, a senior economist at the Federal Reserve Bank of Atlanta.