The Inflation Issue

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