Fed views on U.S. inflation targeting

This article from Reuters, published Wednesday 28 June, provides summaries of views voiced by Federal Reserve policy-makers on the merits of stated numerical inflation targets.

"Bernanke is a long-time advocate of inflation targeting. He has said a 1 percent to 2 percent increase in the core price index for personal consumption expenditures (PCE price index) would be an optimal U.S. inflation rate," it says.

"Donald Kohn has been opposed to inflation targeting. He has said it was not clear a ta