The Fed recently released their newest economic forecast. In it they said how they do not see inflation reaching 2% again until 2023. They plan to keep interest rates at zero at least until 2023. Also in their outlook they have unemployment not reaching 4% until 2023 also. Their forecast had some market watchers hesitant. With lower rates there are fears the dollar will become weaker. They are also worried about how long it will take for inflation to reach the Feds 2% target. However the Fed responded with how they were more concerned with deflation instead of inflation. The Fed can control inflation a lot easier than they can control deflation. I think a lot of people want to see unemployment decrease a lot faster than 2023 but only time will tell how accurate the Feds forecast is.
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