Poll: Should inflation targets be scrapped?

Janet Yellen's first FOMC meeting
Federal Reserve

When, upon winning the Bank of England (BoE) governorship in 2012, Mark Carney mooted that central banks should consider scrapping their inflation targets – a cornerstone of monetary policy for the past quarter century – he caused a minor stir.

With policy rates near zero, additional stimulus may require changes to the "policy framework itself", the then governor of the Bank of Canada warned, adding a nominal GDP target could be "more powerful" in "exceptional circumstances".

Carney later

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