text:  Once upon a time in the 1950s, companies would guess where the inflation rate was headed and set prices and job postings based on those guesses. Sometimes they would exacerbate whatever trend those companies thought they were seeing. Now, Jenkins says, one of the biggest improvements since then is an increase in the Fed's transparency. It's just that now we have a better idea of what to expect from the future because the Fed is doing a better job of, one, having a goal and then telling us what they're trying to do.