Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
November 24, 2014

The Complex Interplay of Inflation and Unemployment

With Janet Yellen’s nomination for Federal Reserve Chair an imminent possibility, the Fed’s role in managing inflation and unemployment has been in the news.

Screen Shot 2013 11 18 at 10.58.41 AM 297x240 The Complex Interplay of Inflation and Unemployment

Pew Research Center highlights this relationship: “The complex interplay between the Fed’s dual mandates is well captured in the spaghetti-bowl swirls of this New York Times chart, which covers more than eight decades of U.S. economic history. The twisting line traces average annual unemployment and core inflation (the Fed’s preferred measure, which excludes volatile food and energy categories) for each year since the onset of the Great Depression.”

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