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.
- Calls for the Federal Reserve to cut interest rates have been growing louder.
- The Fed's 2% inflation target is being debated in light of recent economic developments.
Protecting us from inflation too strictly could do our overall economy more harm than good.
Author's summary: Fed's inflation target debated.
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