#didn formal inflation

The Fed is going to raise its inflation target. It might be difficult to believe, but for most of its history, the Fed didn’t have a formal inflation target. The target rate of 2% that everyone quotes was first suggested by Janet Yellen behind close

The Fed is going to raise its inflation target. It might be difficult to believe, but for most of its history, the Fed didn’t have a formal inflation target. The target rate of 2% that everyone quo…