Explain how inflation targeting as described by Ben Bernanke is consistent with the Feds dual mandate. Inflation

Question:

Explain how inflation targeting as described by Ben Bernanke is consistent with the Fed’s dual mandate.

Inflation targeting promotes well-anchored inflation expectations, which facilitate more effective stabilization of output and employment. Thus inflation targeting can deliver good results with respect to output and employment as well as inflation.
Source: Federal Reserve Board, remarks by Ben Bernanke to the National Association of Business

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

Question Posted: