18 min
Two Indicators: The 2% inflation target Planet Money
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- Business
If the Fed had a mantra to go along with its mandate, it might well be "two percent." We look into how that became the target inflation rate, why some economists are calling for a change and how the inflation rate becomes unanchored.
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If the Fed had a mantra to go along with its mandate, it might well be "two percent." We look into how that became the target inflation rate, why some economists are calling for a change and how the inflation rate becomes unanchored.
Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
18 min