Fed focuses on right target - core inflation

According to this article from John Berry at Bloomberg, published Tuesday 3 October, despite various criticisms Federal Reserve officials are right to target core inflation.

"The key reason why Fed officials pay greater attention to core inflation is that they generally believe it is a better guide to the underlying level of inflationary pressures in the economy," the article says.

"Furthermore, the officials know full well that their monetary policy choices will have little if any impact on the

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