Yellen willing to reassess 2% target
Fed chair says question of right target level is one of the most important facing central banks today
Janet Yellen has indicated she would be open to the idea of re-examining the appropriate level for the Federal Reserve’s inflation target.
“This is one of our most important decisions, and one where we are attentive to evidence and so I think it is one we will be reconsidering at some future time,” the Fed chair told a press conference on June 14.
A group of high-profile economists called on the Fed to consider revising up its 2% target in a letter on June 8. Joseph Stiglitz, David
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