The outlook for the economy and inflation, and the case for Federal Reserve independence

A massive structural budget deficit threatens the long-term economic health of the United States. But the fiscal imbalance won't necessarily fuel inflation as long as the Federal Reserve retains the independence to pursue its objectives of maximum sustainable employment and price stability. The following is adapted from a presentation made by the president and CEO of the Federal Reserve Bank of San Francisco to Town Hall Los Angeles on March 23, 2010.

MoreLess

Year of publication:	2010
Authors:	Yellen, Janet L.
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2010, 10
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Economic conditions - United States \| Economic forecasting - United States \| Inflation (Finance) \| Federal Reserve System - Independence

More details

Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008489199