Journal Article

Flexible commitment or inflation targeting for the U.S.?

Abstract: The idea of creating a framework for explicit inflation targeting in the U.S. has recently become a topic of considerable discussion. The key question is: Could inflation targeting improve on the U.S. economy's performance? President Anthony Santomero thinks inflation targeting makes sense for the U.S., in principle. But he cautions that several important issues must be worked out first. In this quarter's message, \\"Flexible Commitment for Inflation Targeting for the U.S.?\\" he discusses these issues, which include calibrating the target and reconciling inflation targeting with the Fed's mandate to foster not just price stability but also full employment

Keywords: Inflation (Finance);

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 2003

Issue: Q3

Pages: 1-7