A piece in the Wall Street Journal on weekend comments from the permanent Federal Open Market Committee voter

  • low global interest rates are here to stay
  • which should lead central bankers to renew their commitment to inflation goals
  • " … a low neutral rate, … basically the hand we've been dealt for the next five to 10 years."
  • important for Fed officials to hold themselves accountable to their 2% inflation target
  • be transparent about how they are going to get there
  • Making sure inflation expectations don't slip too far is also important
A piece in the Wall Street Journal on weekend comments from the permanent Federal Open Market Committee voter