Inflation targeting has been a cornerstone of the Federal Reserve’s monetary policy for several years. Recent murmurs within the Fed, however, suggest some would like to revisit the 2 percent inflation target. Michael S. Derby reports on the discussion, highlighting the rationale behind this potential adjustment.
Don’t Raise the Target; Change the Framework
Don’t Raise the Target; Change the Framework
Don’t Raise the Target; Change the Framework
Inflation targeting has been a cornerstone of the Federal Reserve’s monetary policy for several years. Recent murmurs within the Fed, however, suggest some would like to revisit the 2 percent inflation target. Michael S. Derby reports on the discussion, highlighting the rationale behind this potential adjustment.