Economics
Fed Officials Shift Inflation Strategy Even Before Review Ends
- 2022 projections show some may already target above 2%
- Williams redefines ‘symmetric’ to discard ‘bygones’ era
Pedestrians carry shopping bags in San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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The Federal Reserve won’t wrap up a year-long review of its policy framework for months, but some officials are already shifting their approach to hitting the central bank’s inflation goal.