...it turns out that the Fed’s 2 percent target for core inflation is not a target, it’s an upper bound... (I’d prefer 4, but that’s a different issue)And this is coming, btw, from a guy who thinks there is little or no inflation now.
Thursday, April 28, 2011
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A 4% core inflation target was always his position. What exactly is note worthy about this?
ReplyDelete" A 4% core inflation target was always his position. What exactly is note worthy about this?"
ReplyDeleteOh nothing, except that he'd prefer to rob American citizens by even more than they already are being robbed? :)