Fed governor urges central bank to pretend there's no inflation

Section:

Fed Should Be Cautious in Face of Weak U.S. Inflation, Fed Governor Brainard Says

By Jonathan Spicer and Stephanie Kelly
Reuters
Tuesay, September 5, 2017

NEW YORK -- Inflation is falling "well short" of target so the Federal Reserve should be cautious about raising interest rates any further until it is confident that prices are headed higher, an influential Fed policymaker said today.

In a dovish speech in the face of months of weak inflation readings, Fed Governor Lael Brainard said the U.S. central bank should go so far as to make clear it is comfortable pushing prices modestly above the Fed's 2-percent target.

Brainard, a permanent voter on the Fed's monetary policy who has in the past convinced colleagues to delay tightening, seized on a core price reading that has dipped to 1.4 percent and has remained below a 2-percent target for five years.

"We should be cautious about tightening policy further until we are confident inflation is on track to achieve our target," Brainard said in a speech in New York. ...

... For the remainder of the report:

http://www.reuters.com/article/us-usa-fed-brainard/fed-should-be-cautiou...



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16