The Fed: Inflation will move up, but only a little, former Fed vice chairman Blinder says

Princeton University Professor Alan Blinder, who worked at the Clinton White House and served as vice chair of the Federal Reserve from 1994-1996, has a new book out about the intersection of economics and politics.

Alan Blinder may be the most influential Federal Reserve official you never heard of.

Arguably, it was his appointment to the central bank by President Bill Clinton in 1994 that did more than anyone to transform the U.S. central bank from a secretive, closed-door approach to one where the Fed chairman holds a press conference every quarter. Blinder insisted the Fed should explain what it was doing and why, and practiced what he preached, not ducking questions from reporters.

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