Yellen says central banks should consider moving inflation targets
But former Fed chair says changing targets would be “a tricky business”
Central banks should rethink their inflation targets in response to persistent low inflation in the developed world, former Federal Reserve chair Janet Yellen recommended.
“To me it is worth considering the costs and benefits, but it’s not clear [that] ‘yes, we should have a higher target,’” Yellen said at an event at the Brookings Institution on February 27 with another former Fed chair, Ben Bernanke. Yellen joined the think-tank in Washington, DC, earlier this month after serving one four
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