Yellen: Fed Is Perplexed by Chronically Low Inflation 1 234 567

Yellen: Fed Is Perplexed by Chronically Low Inflation

voanews.com

Federal Reserve Chair Janet Yellen acknowledged Tuesday that the Fed is puzzled by the persistence of unusually low inflation and that it might have to adjust the timing of its interest rate policies accordingly.

Speaking to a conference of economists, Yellen touched upon key questions the Fed is confronting as it tries to determine why inflation has remained chronically below its inflation target of 2 percent annually. The Fed chair said officials still expect the forces keeping...

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