Finance Professor Schools National Radio Audience on Inflation

You may have noticed it at the gas station or grocery store, and now official reports indicate inflation is on the rise. Against that backdrop, 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.