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MNI PODCAST: FedSpeak- Disinflation To Take Many More Years

  • It will likely take inflation many more years than central bankers and financial markets expect to close in on 2% without a deep recession.
  • But this slower path may be optimal for Federal Reserve officials pursuing a dual mandate, Cleveland Fed economists Randal Verbrugge and Saeed Zaman tell MNI.
  • Given a 4.6% unemployment rate projection, they forecasts an inflation rate of 2.7% in 2025. It would take a year of 7.4% unemployment to hit the Fed's inflation target in 2025.

Listen to the podcast here.


MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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