The Indicator

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When inflation was anchored at 2% the effect on gas and food and rent was not so bad. But oh my friends that was so long ago. Unanchored expectations driving more inflation with prices rising higher and higher. What is it captain? Two strangers be climbing over the stubborn bow. Now state your business scallywags or be prepared to walk the plank. You're. Hey, hey, it's okay. We host a show called The Indicator from Planet Money. Yeah, that's right.Indicator.

If the Fed had a mantra to go along with its mandate, it might well be "two percent." We look into how that became the target inflation rate, why some economists are calling for a change and how the inflation rate becomes unanchored.

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