U.S. Jobless Claims Point to Labor Market Strength

The video discusses recent economic data, including initial jobless claims and import prices, highlighting a tight labor market and disinflationary trends. Frances Donald provides insights into how these figures impact the Federal Reserve's inflation model. The discussion also covers historical inflation targets and challenges in achieving a 2% inflation rate.

What historical context is provided regarding inflation targets and actual inflation rates?

What concerns are raised about the possibility of returning to a 2% inflation rate by 2018-2019?