2 ms·
The Fed has a formal target of 2% inflation (the major change recently was to allow it to be 2% on average, over time rather than 2% period) It doesn't have an
by notahacker 5y ago
The Fed has a formal target of 2% inflation (the major change recently was to allow it to be 2% on average, over time rather than 2% period)
It doesn't have any employment target, although obviously extremes of unemployment is something it pays some attention to when deciding whether it's OK to miss its primary target or not.