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Caroline Baum: The Fed knows how to hit its inflation target — it just refuses to do so
It’s time to put money back into the equation of monetary policy. The Federal Reserve has consistently undershot its 2% inflation target ever since it adopted an explicit target in 2012. Policy makers, desperate to find a culprit outside of themselves, have settled on the public’s subdued inflation expectations as the likely suspect. In order
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Posted: April 17, 2019 Wednesday 09:55 AM