Economics
Fed Officials Admit They’ve Lost Some Credibility on Inflation
- Price expectations slip after years of below-target inflation
- Policy makers likely to discuss issue at meeting next week
Citigroup's Buiter Says `Froth' in Markets Justifies Fed Hike
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Anchors aweigh?
After years of maintaining that inflation expectations were stable and solidly grounded, Fed policy makers are starting to recognize a small but worrying softening in the outlook that consumers, businesses and investors have for prices.