The Road Back to 2% Inflation
Apr 17, 2023•9 min•Ep. 216
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Episode description
It seems like a distant memory now, but in the decade before the pandemic, the main preoccupation of the Federal Reserve was boosting inflation, as measured by the headline personal consumption deflator, to 2%. Inflation undershot this target in ten of the twelve years between 2008 and 2019.
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