Yellen willing to reassess 2% target

Janet Yellen June 14 presser
Janet Yellen speaking to the press on June 14
Federal Reserve

Janet Yellen has indicated she would be open to the idea of re-examining the appropriate level for the Federal Reserve’s inflation target.

“This is one of our most important decisions, and one where we are attentive to evidence and so I think it is one we will be reconsidering at some future time,” the Fed chair told a press conference on June 14.

A group of high-profile economists called on the Fed to consider revising up its 2% target in a letter on June 8. Joseph Stiglitz, David Blanchflowe