Source: SOUTHERN FARM NETWORK, 11/7/18

This is Mary Walden with economist MW, welcoming you to the economic perspective.   Today’s program looks at re-thinking the 2% inflation target. Mike, the Federal Reserve has long set a preferred inflation rate of 2%.   But I understand that at a recent meeting of central bankers from all around the world, that target has come into question.  Is there anything special about a 2% inflation rate?

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