Publications
Publications
FRBSF Economic Letters
Economic analysis for a general audience
Average Inflation Targeting in the Financial Crisis Recovery
The Federal Reserve adopted average inflation targeting as part of its long-run monetary strategy framework in 2020. This strategy allows inflation to rise and fall such that it averages 2% over time. Analysis shows that a version of average inflation targeting that is partly forward-looking—that is, one that responds in part to expected future inflation—could have improved economic outcomes in the recovery from the financial crisis of 2008, as well as substantially reduced the uncertainty around economic outcomes.
FedViews
Analysis of current economic developments and the outlook
FedViews: December 2, 2021
Daniel Wilson, vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of December 2, 2021.