What’s Wrong With the 2 Percent Inflation Target
A worker plays darts at the Oyu Tolgoi copper-gold mine in Mongolia. (Photographer: Taylor Weidman/Bloomberg)

What’s Wrong With the 2 Percent Inflation Target

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(Bloomberg Opinion) -- In 1996, Federal Reserve Chairman Alan Greenspan had an exchange with Janet Yellen, then a member of the Fed’s Board of Governors, that presaged a major — and, I think, ill-a...
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