During a Feb. 13 appearance on NPR’s Marketplace, Julie Smith, professor of economics, offered her views on the latest consumer price index report from the Federal Reserve and its effect on the inflation rate.

A frequent guest on NPR’s flagship business news program, Smith noted that slowing the increase in service prices is the biggest priority for Jay Powell, who chairs the Federal Reserve, to bring the inflation rate closer to the 2% target.

Listen to or read the segment.

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