Abstract

Ben Bernanke, the Federal Reserve chairman, discussed his institution's inflation mandate in a recent speech, leading to speculation a numerical inflation target is under consideration inside America's central bank. And if there ever was a time to establish such a transparent and credible commitment to a specific target, it is now.

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Citation

Mishkin, Frederic. "The Fed Must Adopt an Inflation Target," Financial Times, October 24, 2010.

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