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12:44
CNBC
Andrea Miller
Why the Federal Reserve aims for 2% inflation
The 2% inflation target is key to the Federal Reserve's vision for stable prices. But what's the origin of this 2% inflation goal? It started in tiny New Zealand. In the late 1980s, the country faced high inflation when one economist proposed, 'Why don't we just have an inflation target?\" The U.S. declared its 2% target in 2012. Watch the ...
Feb 20, 2023
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