Fed's Kohn: No need for Fed to target inflation

In apparent contrast to Ben Bernanke's comments Donald Kohn said in a speech released Monday March 24 that he was sceptical that for the United States the potential benefits of changing to a regime of inflation targeting would outweigh its possible costs.

Source: Reuters

Federal Reserve Governor Donald Kohn holds serious doubts about the effectiveness of having the U.S. central bank state a specific goal for inflation, according to a paper disclosed on Monday.

"I am skeptical that for the United

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