Is the Federal Reserve Winning or Losing the Battle Against Inflation?

Former Global Chief Economist, JPMorgan Chase, & Current BrightQuery Chief Economist (Ph.D. in Economics)

Fed Chair Powell has repeatedly stated that inflation disproportionately hurts our most vulnerable lower-income individuals and the rest of the economy.   To prevent inflation from rising to uncomfortable levels, the Federal Reserve formally set a 2.0% inflation target for the U.S. economy on January 25, 2012.  In pursuit of this goal, the Federal Reser…