Mester backs review of Fed’s inflation targeting framework

Loretta Mester
Loretta Mester, president of the Federal Reserve Bank of Cleveland

The president of the Federal Reserve Bank of Cleveland has backed calls for the US central bank to review its current 2% inflation target.

“Researchers have suggested several alternative frameworks,” Loretta Mester said at a conference in Paris on May 14.

These included “targeting an inflation rate higher than 2%, moving to an inflation-targeting range instead of a point goal, or targeting a path for the price level or for nominal GDP rather than for inflation”.

Mester warned, however, that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: