There is No 2% Inflation Target

Rather, there is a 2% upper bound to the Fed’s inflation target. This is an argument that Ryan Avent, Matt Yglesias, Paul Krugman, and others have been making for some time. I am sympathetic to this view and have made the case that the Fed has been effectively targeting a core PCE inflation corridor of […] View the full post at: There is No 2% Inflation Target Related posts: Actual Inflation and Inflation Expectations Slowly But Surely the Market Is Raising Its Inflation Expectation Inflation? Deflation? Or Some Of Eeach?