2 Percent Inflation in 2024 Hard to Achieve Unless There’s a Deep Recession: Former Fed Economist

The Federal Reserve released the minutes from last month’s Federal Open Market Committee (FOMC) meeting on Wednesday (pdf). The central bank says it does not see much evidence that broad-based inflationary pressures were easing.

But Fed officials also noted that a slower pace of rate hikes could happen at some point. Does that mean the Fed is turning more dovish? NTD spoke with Danielle DiMartino Booth, former adviser to the Federal Reserve bank of Dallas and CEO of Quill Intelligence. She also wrote the book “Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America.”