The End of 2%? An Investment Adviser's Case for Why the Fed Should Raise Its Inflation Target
Inflation can be tough on those living on fixed incomes, but protecting us from it too strictly could harm the overall economy.
The Federal Reserve has reduced its benchmark rate by a quarter of a percentage point, citing concerns about a weakening labor market.
This has sparked a debate about whether the Fed's 2% inflation target is still appropriate.
- Calls for the Federal Reserve to cut interest rates have been growing louder.
- The central bank has acted, reducing its benchmark rate on September 17.
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Author's summary: Fed's inflation target debated.