Fed Thoughts

Fed Thoughts: Back to the Future

Fed Thoughts White Paper
October 2023

Authors & Contributors

The Federal Reserve (Fed) goes back to the future as it approaches the end of its rate-hiking journey. This follows our view that the Fed’s plan is to keep the policy rate restrictive in real terms until inflation returns to the zone of price stability. Chief Economist and Macro Strategist Vincent Reinhart discusses the details of the Fed’s goal to keep rates “higher for longer.”