The Fed is still faltering on inflation, and one official is calling for ‘aggressive’ action
The Federal Reserve’s more than decade-long quest to generate a healthy level of inflation continues to falter, even with the central bank’s easing turn in 2019 that is targeted specifically at the issue.
Not only has the Fed missed its 2% target for all of this year but it also now faces fading hopes that anything will change for at least the next several years.
The expected inflation rate a…