The Fed's Inflation Target: Why 2 Percent?

Kristie Engemann

Open Vault from Federal Reserve Bank of St. Louis

Abstract: The FOMC targets an inflation rate of 2 percent. What does it mean to have an inflation target? And why target a positive number and not zero?

Date: 2019-01-16
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102505

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