|
SESSION DESCRIPTION
The presentation provides a guide to understanding basic inflation concepts. Topics include the definition of inflation and issues related to its measurement using the Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE) Price Index. There is also a discussion of the determinants of inflation as well as the post-pandemic inflation surge. The talk concludes by focusing on the dual mandate of the Federal Reserve and the reasons and intended outcomes associated with the 2022-23 rate-hiking cycle.
PRESENTER
Robert Rich is the director of the Center for Inflation Research and a senior economic and policy advisor in the Research Department at the Federal Reserve Bank of Cleveland. Dr. Rich specializes in research related to macroeconomics and forecasting. He has published articles on a variety of topics, including the dynamics of price and wage inflation, the expectations formation process, the duration of labor contracts, the estimation of trend productivity growth, and coincident and leading indexes of regional economic activity.
Before joining the Bank in 2018, Dr. Rich was an assistant vice president in the Research Department at the Federal Reserve Bank of New York, where he served as a founding editor and contributor to Liberty Street Economics, the Federal Reserve Bank of New York’s blog, and as the editor of US Economy in a Snapshot, the Federal Reserve Bank of New York’s monthly update of economic and financial developments. Prior to joining the New York Fed, he was an assistant professor of economics at Vanderbilt University.
Join us on May 16th , to learn more about this important topic!
|
