In 2012, the FOMC stated for the first time that it aims at an inflation rate of

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In 2012, the FOMC stated for the first time that it aims at an inflation rate of 2 percent (based on the price index of personal consumption expenditures). How might this announcement help secure price stability?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:12 AM

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In 2012, the FOMC stated for the first time that it aims at an inflation rate of

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Money Banking and Financial Markets

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