, inflation remains moderate, monetary policy is close to neutrality, and the Federal Reserve's heightened inflation …. Inflation is expected to remain flat in the second half of 1996 and recede modestly in 1997. Reflecting these …

the last few years has reduced U.S. inflation another notch, leaving two to three percentage points to go to achieve price … inflation in the near future, or even in sustaining gains already achieved, will be difficult to achieve, in part because of … analysis of recent inflation experience and an argument that we should consider the battle won when broad indexes of goods …

latter category includes the role of inflation and inflation expectations, and especially the gap between the two. The long …-term bond market seems to be pricing bonds under the assumption of average inflation over the long run of about 4 percent, but … most producers (both firms and employed individuals) see substantially less inflation in their immediate futures. Some …

invasion create the worst of all worlds from the viewpoint of economic policymakers - higher rates of inflation and sluggish … with little inflation. Whether or not a "recession" is ultimately declared to have occurred in 1990 is of little importance …

Recently members of the research staff of the Board of Governors have constructed a model of the inflation process that … of that inflation model and to examine a model of nominal income, real output and inflation that is implicit in the …

Inflation has completed a virtual 4-decade ?roundtrip?, receding to levels not seen since the early-1960s. Based on … complacent about inflation. Recent data suggest that core measures of inflation have troughed, and inflationary expectations have … inflation pressures, even as lower global production costs and heightened efficiencies have lifted potential productive capacity …

toward inflation targeting as a policy regime for the Federal Reserve. One leading manifestation was a prominent article in …

inflation has drifted up, and is well above the Federal Reserve's long-run objective. Insofar as the negative supply shocks …

. Inflation pressures should remain modest, however, as nominal spending growth slows and productivity gains are expected to …

, journalists and many academics viewed the low rate of unemployment as an indication that rising inflation was near on the horizon … ?natural? rate, that inflation would accelerate. However, the rate of unemployment continued to fall throughout the 1990?s and … yet rising inflation never emerged. This led economists to reconsider whether this ?threshold? unemployment rate, termed …