St Louis Fed's Poole on inflation targeting

In the speech 'Inflation targeting' given on 16 February William Poole of the Federal Reserve Bank of St. Louis said an explicit inflation target would help the Federal Reserve do a better job of anchoring expectations and ensuring low and stable prices.

"The case for adopting an inflation target is that it should help to avoid inflation in the future and should increase the effectiveness of monetary policy in a low-inflation environment," St. Louis Federal Reserve Bank President William Poole

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