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Is the Fed ready to consider lifting its inflation target?

Reuters  |  WASHINGTON 

By Howard SchneiderWASHINGTON (Reuters) - Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once unthinkable: abandoning decades-long efforts to hold inflation down and allowing price expectations to creep up.In remarks on Wednesday, Yellen called an emerging debate over raising global inflation targets "one of the most important questions facing monetary policy," as central bankers grapple with an economic rut in which low growth, low interest rates and weak price and wage increases reinforce each other. The aim would be a change ...

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First Published: Fri, June 16 2017. 04:07 IST
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