Should the Fed stick with the 2 percent inflation target or rethink it?

HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government

Charles W. Eliot University Professor

Excerpt

Should the Fed stick with the 2 percent inflation target or rethink it? Lawrence Summers, January 8, 2018, Video, "There is debate (mainly among those familiar with monetary policy issues) about the wisdom of keeping or changing the 2 percent inflation target. This is likely to be a continuing conversation that’ll continue under the new Fed chair. Much of the discussion is from advocates of one or another alternative making their pitch." Link https://youtu.be/V8hgP4qQoLA

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HKS Affiliated Authors

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