Santomero - FOMC should consider inflation target

Philadelphia Fed president Anthony Santomero said Tuesday that with inflation at its current levels "Inflation targeting makes sense in principle for the U.S."

Source: Bloomberg

U.S. central bankers should ``seriously consider'' inflation targeting now that prices are rising at the slowest pace since the 1960s, Federal Reserve Bank of Philadelphia President Anthony Santomero said.

Santomero's speech is the latest salvo in a debate at the U.S. central bank on the best way to lock in very low inf