Rosengren Sees 2018 Underlying Inflation Close to 2%

The video discusses the current state of monetary policy, focusing on the justification for recent decisions and future expectations. It highlights the low unemployment rate and inflation below the 2% target, with projections indicating a rise to 2% next year. The importance of a sustainable recovery is emphasized, avoiding rapid increases in wages, prices, or asset values. Past forecasts and their implications are reviewed, with a focus on core inflation to understand underlying trends. Temporary factors like hurricanes and oil price changes are considered in inflation analysis.

What factors are contributing to the current low unemployment rate mentioned in the text?

Explain the significance of the 2% inflation target discussed in the text.

How does the speaker suggest we should interpret fluctuations in oil prices?

What temporary factors are affecting inflation rates according to the speaker?

What is the speaker's expectation for the underlying inflation rate in the near future?