Inflation targeting is a process where a central bank A. was used primarily in the 1970 s B. seeks to lower inflation to zero by using "targeted" policies such as price increase caps. C. sets a specific inflation target to help set inflation expectations D. is useless if there is inflation bias in an economy Inflation targeting is a process where a central bank A. was used primarily in the 1970 s B. seeks to lower inflation to zero by using "targeted" policies such as price increase caps. C. sets a specific inflation target to help set inflation expectations D. is useless if there is inflation bias in an economy