Commentary

Is a lower NAIRU the solution to the US inflation puzzle?

By Steven Keshishoghli | 29 May 2019

The President and CEO of the Federal Reserve Bank of San Francisco, one of the twelve Federal Reserve District banks which make up the Federal Reserve System, published a recent paper reviewing the central banks success in relation to its dual mandate. The first part of the mandate is maximum employment and the second is price stability, defined as an inflation rate of two percent.

Read Steven's commentary here.