Ed Gramlich: No formal US inflation target needed

Federal Reserve Governor Edward Gramlich said on Wednesday 1 October that the US could benefit from an agreed target range for prices, but an explicit inflation target was not needed as it could further tie down the FOMC. Speaking in Toronto he said some research cast doubt on how effectively such regimes control the rate of price movements.

Source: Reuters

The United States does not need a formal inflation target to guide policymakers in setting monetary policy, but might benefit if accepted r

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: