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Aswath Damodaran on the Future of Business Education

Masters in Business

CHAPTER

The Fed's Decision to Target 2 or the Et Cetera

There's nothing magical about 2. Well, when you're at zero, 2 looks like a ways to go. When you're at five, 3 seems a little more reasonable. And historically, high inflation has gone with more instability. So I think that the Fed has to not just have an inflation level in its target.

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