Fed’s Brainard backs ‘flexible inflation averaging’

Lael Brainard
Lael Brainard: prefers flexible inflation averaging to other “make-up strategies”
Federal Reserve

Lael Brainard has backed a policy of “flexible inflation averaging” as one way the US Federal Reserve could boost inflation expectations and reduce the risk of hitting the zero lower bound.

In remarks made on February 21, the Fed governor said she preferred flexible inflation averaging to other “make-up strategies” – those seeking to run inflation at a higher level after periods when it has fallen below target. She argued the policy could be “more robust and simpler to communicate” than a more

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: