Payments System Development Committee I would now like to give you an overview of the recent work of the Federal Reserve’s Payments System Development Committee, which I co-chair with Cathy Minehan, President of the Boston Fed.
Price stability: targets and results In 2017, consistent with market expectations and projections, inflation slightly rose due mainly to higher international crude oil prices. Nonetheless, average inflation stayed firmly within the National Government’s target range of 2-4 percent. We expect inflation to remain within target range until 2019.