The Fed: Jackson Hole notebook: Jason Furman says Fed’s benchmark rate could hit 5.5% next year

the-fed:-jackson-hole-notebook:-jason-furman-says-fed’s-benchmark-rate-could-hit-5.5%-next-year

Furman observes that the U.S. inflation outlook is not ‘dire or insurmountable,’ despite the ‘persistence’ of wage and price pressure.