The Fed’s 2% Inflation Target Is a Made Up Number ...Middle East

As the year wraps up, several things are clear in an otherwise confusing economic picture: the U.S. economy is slowing, the stock market is surging, most people according to polls believe that inflation remains a severe issue, and the mandarins at the Fed who are responsible for containing inflation are still concerned about inflation. But what is far from clear is whether in its dedication to bringing inflation back to its 2% target the Fed is following a rigid script rather than honoring their overall mandate to ensure economic stability. Or to put it bluntly, in cleaving slavishly to a specific number, is the Fed sacrificing a stable economy on the altar of abstract theory? [time-

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The Fed’s 2% Inflation Target Is a Made Up Number ...Middle East

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