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Bostic: Inflation Target Shouldn't Forever Be Etched In Stone

  • Bostic on inflation target: "I’m happy with the 2% target, it’s a fine target. The midst of a crisis isn’t a time to move goalposts. Nothing should be etched in firm stone as to never be moveable. If the world changes so structurally there’s higher or lower levels of inflation then we should move it. The long-run framework is reviewed every five years."

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