The Federal Reserve sets monetary policy with two goals in mind: to maximize employment and stabilize prices. The central bank ensures the latter by...
The Federal Reserve sets monetary policy with two goals in mind: to maximize employment and stabilize prices. The central bank ensures the latter by targeting inflation at 2%.
Back in 1988 the Finance Minister at the time was facing pressure after years of double digit inflation.So it was, it was this apparent off the cuff moment and wasn't intended to be setting policy even though it did. First of all, when inflation takes off financial market, participants, households, businesses all have confidence that you're gonna bring inflation back down target.
Is there substantial economic analysis that argues that your target rate and the economy would work better if we had a slightly higher target than 2% 2% has become the global standard.I don't have any reason to think that that, that it's a problem for the United States to get to 2% inflation.
Targeting Inflation Target The Federal Reserve David Wilcox The Central Bank
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