June 28, 2022 15:44 GMT
- "The takeaway is that getting ahead of inflation will keep inflation low and stable and promote a strong real economy"
- "The approaches of 1983 and 1994 are better examples to follow. In those cases, the FOMC kept the policy rate relatively high above the inflation rate, and therefore real interest rates were relatively high"
- Link: https://www.stlouisfed.org/publications/regional-economist/2022/june/getting-ahead-of-inflation-lesson-1974-1983