Discussion:
Inflation and Monetary Policy
In the early stage of her administration, Fed Chair Janet Yellen focused on maintaining a monetary policy of low interest rates to continue the Fed's efforts to stimulate the economy. However, the article assigned indicates she faces some longer-term challenges.
Identify one of these challenges, and describe what the article said about the interaction between Fed policy and this issue. What do you think she should do with regard to the issue you identified?