Why Yes, the FOMC Would Like Some Inflation Overshoot Now
The Fed claims it has a symmetric inflation target. From its 2017 and 2018 Statements on Longer Run Goals and Monetary Policy, the FOMC states:
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The Fed claims it has a symmetric inflation target. From its 2017 and 2018 Statements on Longer Run Goals and Monetary Policy, the FOMC states:
…
Canada increases oil exports, finding buyers in the U.S. despite shale oil ...
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