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In this issue:

  • Upfront: A Short History of Inflation Targeting at the Federal Reserve: Q&A with Marvin Goodfriend
  • Price Stability: Why We Seek It and How Best to Achieve It
  • Inflation FAQs
    • How can inflation be considered low when food and gas prices are so high?
    • Isn’t pursuing a low and stable inflation rate going to cost the economy jobs?
    • How do we know when people are worried about inflation?
    • Is an explicit inflation objective consistent with a dual mandate?
  • Interview with Mark Bils
  • Book Review: Fault Lines: How Hidden Fractures Still Threaten the World Economy