Economic Take

The Fed is focusing on the average rate of inflation over time, rather than responding to current volatility and price pressures. Why is this change a big deal? It can help lessen policy uncertainty, and it sets a more reasonable standard to judge the central bank’s intentions. The change may also bring an end to the decline in the nominal interest rate levels that has weakened central banks’ policy tools. We want to hear from you! We’re looking to learn more about listeners of Economic Take to improve and evolve the podcast. jpmorgan.surveymonkey.com/r/economictake