Is the Fed Finally Beginning to See the Problems with IT?

For years I’ve been arguing that the public doesn’t understand inflation targeting, and that the Fed needs a target that the public does understand, such as NGDP targeting. In 2010 when core inflation was running below 1%, Bernanke said the Fed would seek to raise the rate of inflation closer to 2%. Talk radio told […] View the full post at: Is the Fed Finally Beginning to See the Problems with IT? Related posts: Ending the Financial Bubble-Bust-Bailout Cycle Banking: The Finance and the Macro View Fed Generates Record Profits of $46.1 Billion in 2009