Philly Fed’s Plosser calls for explicit inflation target
Charles Plosser, the president of Philadelphia Federal Reserve, on Friday said a commitment to an explicit inflation target will reassure the public of the Fed's price stability objective as it plans an exit strategy from its accommodative stance.
At an event at the Harrisburg Regional Chamber and Capital Regional Economic Development Corporation, Plosser said: "Committing to a stated goal to keep inflation low and stable can help to reduce market uncertainty and enhance the credibility and
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