Wednesday, June 18, 2014
Finance Professor Schools National Radio Audience on Inflation
Kevin T. Jacques, professor of finance in BW's Business Division helped a national radio audience understand "Why the Fed sees inflation differently than you."
In a report on American Public Media's Marketplace, which is heard on National Public Radio (NPR) stations across the country, Jacques, a former U.S. Treasury Department economist, said that the Federal Reserve works to get ahead of inflation because changes in Fed policy don't have an immediate effect.
“It’s a long and variable lag process,” Jacques told Washington D.C.-based reporter David Gura. “It just takes a lot of time.” The entire report featuring Dr. Jacques is linked on the Marketplace website.