Report says Fed debating 'soft' inflation target

Federal Reserve officials have discussed whether an implicit, or "soft" inflation target might be preferable, the Wall Street Journal reported on Friday 2 February.

The debate follows the belief of Fed chairman Ben Bernanke that the central bank needs to develop a clearer, more systematic way of communicating its intentions, the Journal said.

At Bernanke's instruction, the Fed's policy-making Federal Open Market Committee is studying possible changes in how it communicates its forecasts, statem