Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation.Minutes of the U.S. central bank’s Dec. 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discussion when they are published Wednesday in Washington. A review of the closed-door debates at FOMC meetings since Yellen took over as Fed chair in 2014 shows the number of mentions of “inflation” in November surged to 84, the most of her tenure.
Source: All Talk, Few Answers From FOMC for Yellen’s Long Inflation Miss – Bloomberg
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Craig Erlam
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