Inflation targeting

The U.S. central bank may well get an inflation target this year, a top Federal Reserve official said Thursday.St. Louis Federal Reserve Bank President James Bullard.

“We are very close” to tying monetary policy explicitly to some measure of overall inflation, Federal Reserve Bank of St. Louis president James Bullard said. He said the Fed may also be near making a collective statement about what level of unemployment is the natural rate, below which inflation pressures tend to rise.

Read it at the Wall Street Journal
Fed’s Bullard: Central Bank ‘Very Close’ to Adopting Inflation Target

by Michael S. Derby