Asian Spectator

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Inflation is proving particularly stubborn -- but jitters over banking failures, softening economy complicate Fed rate decision

  • Written by Christopher Decker, Professor of Economics, University of Nebraska Omaha
Inflation is proving particularly stubborn -- but jitters over banking failures, softening economy complicate Fed rate decisionFed Chair Jerome Powell has a tricky job in balancing inflation fears with recession fears.AP Photo/Jose Luis Magana

The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%.

Rather, the inflation report released on March 14,...

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