Global Inflation Uncertainty and its Economic Effects

Juan M. Londono, Sai Ma and Beth Anne Wilson
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Beth Anne Wilson: https://www.federalreserve.gov/econres/beth-anne-wilson.htm

No 2023-09-25, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Policymakers, including Federal Open Market Committee (FOMC) participants, have been stressing the elevated level of uncertainty, especially related to inflation, and the challenge this poses for monetary policy. As seen in Figure 1, with few exceptions, FOMC participants see the level of uncertainty around their forecasts for core PCE inflation as high, compared to the average over the past 20 years.

Date: 2023-09-25
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-09-25

DOI: 10.17016/2380-7172.3391

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