Why Is 2 Percent The Federal Reserve’s Magic Number For Inflation? ...Middle East

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Transcript Santul Nerkar: Inflation in America is high. You’ve probably noticed when you’ve gone to the grocery store or gas station. But ordinary Americans aren’t the only ones unhappy with our current 6 percent inflation rate. The Federal Reserve isn’t thrilled, either. The number that the Fed would like to see — its target inflation rate — is 2 percent. But why did we decide that 2 percent inflation is the way to go? Why not 3 percent? Or 12 percent? For that matter, why not 0 percent?? First thing’s first — the Fed thinks that 0 percent inflation is bad. At that rate, we risk the opposite phenomenon: deflation, where prices drop. Now, lower prices might sound like a good thing. But perio

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