The Fed: First test of Fed’s new inflation-friendly policy could come in the spring

 First test of Fed’s new inflation-friendly policy

In his speech Monday, Evans repeated that “our work on inflation might not be complete at the time of liftoff.” But Fed policy would remain relatively easy or “accommodative,” he added.

This has been a hard sell in the past.

“Historically, communicating to the public that an upward march in policy rates is still accommodative has been met with substaintial skepticism and disbelief,” he said.

“All in all, I envision substantial communications work ahead. But it can be done,” he said. 

Read more at digital profits website.

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