Keyword: inflation target

US

Fed Strategy

This week's US Economic Experts Panel statement: The Fed's revised strategy to focus on employment shortfalls and a more flexible interpretation of the inflation target will make little practical difference to monetary policy outcomes over the next decade.
US

Inflation Target

This week's IGM Economic Experts Panel statements: A) If the Fed changed its inflation target from 2% to 4%, the long-run costs of inflation for households would be essentially unchanged. B) Raising the inflation target to 4% would make it possible for the Fed to lower rates by a greater amount in a future recession.