CNBC Television published this video item, entitled “Fed front-loads policy to counteract lagging economic impact, says fmr. Dallas Fed president” – below is their description.
Former Dallas Fed President Richard Fisher joins the ‘Halftime Report’ to discuss the steps the Fed is taking to control inflation and how long it will take to achieve the Fed’s goal of 2% inflation, given the lagging economic impact of raising rates.
CNBC Television YouTube Channel
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About This Source - CNBC Television
CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
Dallas, a modern metropolis in north Texas, is a commercial and cultural hub of the region. Downtown’s Sixth Floor Museum at Dealey Plaza commemorates the site of President John F. Kennedy’s assassination in 1963. In the Arts District, the Dallas Museum of Art and the Crow Collection of Asian Art cover thousands of years of art. The sleek Nasher Sculpture Center showcases contemporary sculpture.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.