Two FOMC members back overshooting target

Philadelphia Fed

Two senior Federal Reserve officials say the central bank should keep monetary policy accommodative until inflation has averaged 2% over time.

Lael Brainard, a member of the board of governors, said the Fed should be providing “sufficient accommodation” so that inflation averages 2% inflation over time. Brainard said on July 16 that research shows modestly overshooting the target could help offset periods where inflation was below target.

Patrick Harker, president of the Philadelphia Fed, said

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: