Fed policy roundtable II: recession risk and sticky inflation

Academics look at forward guidance, asset purchases, and the “magic” in forecasting models

This is the second part of Central Banking’s roundtable discussion with several economists about the challenges facing the US Federal Reserve. You can find the first part of the discussion here. 

How do you characterise the risks of both major recession and persistent inflation?

Takatoshi Ito: It all depends on the balance between the inflation-targeting mandates and the other part of the dual mandate. I think so far that inflation targeting’s effect on inflation expectations is still there

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: