Market News
The Fed Wants to Hit Its Inflation Target. Why It Might Not Get To - BARRON'S
As Federal Reserve officials sipped wine and chatted at a conference in sunny California, tension hung in the air—a central bank preparing for a changing of the guard and, potentially, a changing of the mission. The theme of Stanford’s Hoover Institution monetary policy conference last week was “finishing the job,” a nod to the Fed’s ongoing struggle to bring inflation down to 2% while easing interest rates. Behind the genteel panels and policy jargon, one thing was clear: The Greenspan-to-Powell era, a 30-year arc of central bank activism, could be nearing its end.
