You will often read in the news comments like the following.
Carl Tannenbaum said, “I think chances are evenly split between a cut and a hike right now it looks like inflation is coming down - but core inflation is still stubbornly above the Fed’s 2% target.
Why 2%, why not 3%, why not 1.12345%? After all 2% is some number somebody thought would be a good number. Well, the 2% number is based on a central bank strategy.
1 comment Wednesday, Mar. 28, 2007
by Christian
