Nothing magical about targeting 2%, Bernanke says

Ben Bernanke does not see "anything magical" about targeting 2% inflation, but harbours concerns about the feasibility of handing the Federal Reserve a replacement, he revealed this week.

He appeared in a panel discussion on the topic of 'Monetary Policy in the Future' at an IMF conference ahead of the Spring Meetings in Washington, DC, this weekend.

In the aftermath of the financial crisis, Bernanke said, both he and his colleagues "spent a good deal of time" considering alternatives to the exi

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