Economics
Fed’s New Plan to Lift Inflation Faces Skepticism
- Economists skeptical new approach will achieve goals
- Powell’s new framework doesn’t explain how they’ll get there
The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Aug. 18.
Photographer: Erin Scott/BloombergThis article is for subscribers only.
The Federal Reserve’s new plan to run the economy hot looks easier said than done as the central bank confronts multiple forces holding down inflation.
“The Fed needs to articulate very clearly how they plan to achieve the new objective,” Aneta Markowska, chief economist at Jefferies, wrote in a report to clients. “Otherwise, these are just words on paper that don’t really mean anything.”