Owen Discusses Inflation on Marketplace
Ann Owen, the Henry Platt Bristol Professor of Economics, was interviewed for an American Public Media Marketplace feature on inflation, broadcast on Tuesday, Oct. 29.
The segment titled “Inflation: Come out, come out wherever you are” discussed the Federal Open Market Committee meeting taking place Oct. 29-30 and the likelihood that inflation would be on the agenda. Although “inflation” often has a negative connotation for consumers, some inflation is desirable, according to economists.
In the Marketplace segment, Owen, a former Federal Reserve economist, explained, “The type of concerns that people have about inflation are usually associated with inflation that’s unpredictable, and inflation that’s moving around quite a bit.”
Owen says moderate inflation can help the labor market because companies dealing with inflation may be able to hire more workers.