Sentences with phrase «decline during the next recession»

Accordingly, policy should be set with a view to modestly raise target inflation, perhaps to 2.3 or even 2.5 percent inflation, during a boom with the expectation that inflation will decline during the next recession.

Not exact matches

In fact, New York and the rest of the Northeast were hit particularly hard by that recession — and New York went from positive (but weakening) employment growth in 1989 to employment declines during each of the next three years.