“An Empirical Assessment of the Relationships among Inflation and Short- and Long-Term Expectations (PDF) ,” Research Working Paper RWP 08–05. Kansas City: Federal Reserve Bank of Kansas City, November. Clark, Todd E., and Stephen J. Terry (2010). “Time Variation in the Inflation Passthrough of Energy Prices,” Journal of Money, Credit and Banking, vol. 42 (October), pp. 1419–33.
* * * When we started the Fed Listens initiative, we wanted input from the public on one big decision that the Fed faced, which was making changes to our goals and strategy for monetary policy.