Fed Embarks on a Rethink of Its Inflation Target – The Wall Street Journal

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Fed Embarks on a Rethink of Its Inflation Target – The Wall Street Journal

Federal Reserve officials are considering whether to allow inflation to rise above their 2% target more often as they grapple with the likelihood that interest rates are likely to remain much lower than in the past.

The discussions are preliminary but are heating up now because the Fed formally kicks off a monthslong review of its policy framework with a national listening tour beginning this week in Texas.

Animating…

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