• 09/22/2024

A Higher Inflation Target Is a Tired Old Idea

Wall Street Journal

Jason Furman’s suggestion that the Fed should do it because other central banks are doing it reminds me of what I used to tell my parents.

https://www.wsj.com/articles/a-higher-inflation-target-is-a-tired-old-idea-jason-furman-three-percent-volcker-ce01f039