Yellen: Fed Isn't Trying to Engineer Inflation Overshoot

The video discusses the central bank's inflation objective of 2%, emphasizing that it is a symmetric target, meaning they do not aim to overshoot or undershoot it. The speaker notes recent inflation increases, attributing them to volatile categories, and expresses caution about concluding any lasting uptick in core inflation. The committee continues to monitor inflation trends closely, acknowledging risks in both directions, with some measures showing high readings and others low.

What is the inflation objective mentioned in the text?

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How does the speaker describe the nature of the inflation objective?

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What recent trend in inflation readings is noted by the speaker?

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What concerns does the speaker express regarding the current inflation readings?

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What does the speaker say about the risks around the inflation forecast?

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