Won't someone at the Fed think of the millennials?

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Won't someone at the Fed think of the millennials?

Won't someone at the Fed think of the millennials?

For the Federal Reserve to succeed in its mandated bid to anchor inflation higher, it needs to overcome a big demographic hurdle: millennials don't expect prices to rise anytime soon.

There's a good reason for that: Americans*who entered the workforce from 2000 onwards have experienced a benign inflation climate, with core Personal Consumption Expenditure (PCE) price inflation averaging just 1.7 percent, below the Fed's 2 percent target. And the PCE rate hasn't breached 2.5 percent at any point since the turn of the millennium.

That compares with an average 4.3 percent annual core PCE growth between 1965 to 2000, the adult life-span for the majority of the baby-boomers' generation.* Read more...

More about Millennials, Inflation, Federal, and Business

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