Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations

Posted: 12 Apr 2022

See all articles by Danilo Cascaldi-Garcia

Danilo Cascaldi-Garcia

Board of Governors of the Federal Reserve System

David Lopez-Salido

Board of Governors of the Federal Reserve System

Francesca Loria

Board of Governors of the Federal Reserve System

Date Written: March, 2022

Abstract

Since the start of the pandemic, views about the evolution of aggregate consumer prices moved swiftly from concerns about deflation to fears about excessive inflation. It is hard to find a parallel in the history of the U.S. economy—or the global economy more generally—to this rapid reversal of risks to the inflation outlook.

Suggested Citation

Cascaldi-Garcia, Danilo and Lopez-Salido, David and Loria, Francesca, Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations (March, 2022). FEDS Notes No. 2022-03-31, Available at SSRN: https://ssrn.com/abstract=4077463 or http://dx.doi.org/10.17016/2380-7172.3043

Danilo Cascaldi-Garcia (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

David Lopez-Salido

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Francesca Loria

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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