Fed's Evans sees benefits to overshooting inflation target

Fed's Evans sees benefits to overshooting inflation target
 

The U.S. Federal Reserve should engineer monetary policy to spur inflation to rise above its two-percent target because the costs of doing so are less than in past decades, Chicago Federal Reserve Bank President Charles Evans said on Tuesday.
"I see benefits to trying to engineer policy to allow for the strong possibility of inflation overshooting its target," Evans said at an event in Sydney, Australia.
"I also think it would help to indicate that policymakers would be willing to accept the increased inflationary risk that might accompany further declines in... read more

 
11 October 2016 in Business, Views: 54
Source: Reuters
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