Economics
All Talk, Few Answers From FOMC for Yellen’s Long Inflation Miss
- ‘Inflation’ dominated discussion in November meeting minutes
- Yellen’s December press conference didn’t reveal much progress
Most Fed Officials Backed Continued Gradual Rate Hikes
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Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation.
Minutes of the U.S. central bank’s Dec. 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discussion when they are published Wednesday in Washington.