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Will new Fed leaders solve Yellen's mystery of the missing inflation?

Plot thickens with few clues as to whether current chief will get an extension

Fed chief Janet Yellen's four-year term ends in February and an extension is not guaranteed. In other figures, the personal consumption expenditures price index, minus food and energy, averaged 1.6 per cent during her tenure.


FEDERAL Reserve Chair Janet Yellen's inflation strategy may have a shelf life of about four months. After that, a gang of newcomers might have to decide what to do next.

Given such unknowns, central bank transitions are risky for investors...

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