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With last week’s positive Federal Reserve forecast, longtime Fed watchers might have sensed something missing—decades-old jitters about rising prices, perhaps? With the recovering U.S. economy likely headed for its strongest growth in almost 40 years, Jim takes a closer look at the central bank’s new world and why it’s sticking to current rate policy even if inflation begins to stir.
By JPMorgan Chase Commercial BankingWith last week’s positive Federal Reserve forecast, longtime Fed watchers might have sensed something missing—decades-old jitters about rising prices, perhaps? With the recovering U.S. economy likely headed for its strongest growth in almost 40 years, Jim takes a closer look at the central bank’s new world and why it’s sticking to current rate policy even if inflation begins to stir.