Interview: Inflation and consumer inattention with Jenny Tang
The focus across the Federal Reserve System is curbing inflation, which just hit a 40-year high. Evidence of inflation\u2019s effects on consumers is everywhere \u2013 in the media, in stores, at gas stations, and beyond. That\u2019s made Americans increasingly aware of rising inflation, and according to a new study published by the Boston Fed, that can make it more difficult to rein it in.
Boston Fed Senior economist Jenny Tang is co-author of the paper called \u201cInflation Levels and (In)attention,\u201d which looks at the ways inflation can be affected by how much attention people pay to it.
In the latest episode of Six Hundred Atlantic, Tang speaks about how different levels of attention can influence everything from what kind of mortgage a person chooses to whether they think it\u2019s a good time to go appliance shopping.