Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

SRI-KUMAR: The Fed is 'out to lunch,' and its inflation target is wrong

Jacqui Frank,Joe Ciolli,Emmanuel OcbazghiSep 1, 2017, 22:25 IST

Business Insider

Dr. Komal Sri-Kumar, the president of macroeconomic consulting firm Sri-Kumar Global Strategies, argues that the Fed is "out to lunch" and says that there's nothing to suggest inflation is going anywhere near the central bank's inflation target of 2%.