The document discusses the inflation outlook in relation to the Federal Reserve's monetary policy. Despite current inflation being below the Fed's 2% target, it is expected to rise as temporary factors dissipate. The Fed considers the inflation outlook more important than current data, with monetary policy effects lagging by 12-18 months. Key factors include growth, labor market, inflation expectations, and import price inflation. Core inflation is unlikely to rise significantly next year due to a strong dollar and persistent low commodity prices, but is expected to approach the target over the next two years.
documents/vol00010-efta01459053-pdf.pdf
{"title":"Inflation Outlook and Fed Policy","key_people":["Federal Reserve"],"document_date":"December 2015","document_type":"correspondence","key_organizations":["Deutsche Bank"],"reference_numbers":["EFTA01459053","DB-SDNY-0119265","SDNY_GM_00265449"]}