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Two Indicators: The 2% inflation target
Planet Money
The 2% Inflation Target: Origins and Implications
This chapter explores the development and significance of the 2% inflation target in monetary policy, including its acceptance and impact on the economy. It discusses the challenges faced by the Federal Reserve, debates around adjusting the target, and the metaphorical connection to sea shanties as a reflection on inflation's dangers.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode