Analysis: Fed's 'big tent' framework may fray under inflation surge
newscatcher
2021-06-21 10:30
Analysis: Fed's 'big tent' framework may fray under inflation surge
By Howard SchneiderWASHINGTON (Reuters) – The U.S. Federal Reserve's carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best chance after the pandemic, is being tested by a potentially table-turning rebound of inflation and what's become a relative rush of policymakers determined not to let it get out of hand.When the Fed unveiled its new framework just 10 months ago, with a view that employment could expand as much as possible as long as prices did not rise too fast, the language was kept vague on key points in order to maintain unanimous support.

https://whtc.com/2021/06/21/analysis-feds-big-tent-framework-may-fray-under-inflation-surge/

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