St. Louis Fed's Poole on understanding inflation

In the speech 'Understanding inflation' given on 2 April William Poole of the Federal Reserve Bank of St. Louis said the reputation and credibility of policymakers on the Federal Reserve Board's interest rate setting FOMC are essential to keeping inflation and inflationary expectations low.

"If the central bank is perceived as unwilling to underwrite higher inflation and prepared to pursue policies consistent with lower inflation, then expectations and actual inflation will fall," said Poole.


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