Under the Fed's average inflation targeting, you are looking for inflation to be, 'moderately above 2 percent for some time', to make up for undershooting inflation in the past.
Ann Wagner: “Under the Fed's average inflation targeting, you are looking for inflation to be, 'moderately above 2 percent for some…”
On the recordFebruary 23, 2021
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congress.govEditor's note · Context
Wagner questions Powell about the Fed's inflation targeting strategy.
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