Inflation target could insulate Fed, Poole says

St. Louis Fed President William Poole said on Thursday 16 October that the Federal Reserve should adopt a target for an acceptable level of inflation in part to insulate itself from political pressures. He was speaking at the start of a two-day conference on inflation targeting at the St Louis Fed.

Source: Reuters

The U.S. central bank should adopt a target for an acceptable level of inflation in part to insulate itself from political pressures, a top Federal Reserve official said on Thursday.

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