Should the Federal Reserve Adopt an Inflation Target?

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Examines arguments for and against replacing the Federal Reserve's current multi-goal mandate of maximum employment, stable prices, and moderate long-term interest rates, with a single goal of stab...

Examines arguments for and against replacing the Federal Reserve's current multi-goal mandate of maximum employment, stable prices, and moderate long-term interest rates, with a single goal of stable prices. Also examines technical problems with implementing a price stability goal.

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