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appropriate inflation targetGnosi | Ismail Syed
•86% Informative
The Federal Reserve is currently faced with a dilemma regarding inflation.
While their preferred measure of consumer prices has improved from a year earlier , it is still higher than the 2% target they aim for.
This has led to a debate among economists and policymakers about whether 2% inflation target is still appropriate.
The Fed has introduced some flexibility in the implementation of the 2% target, allowing for "averaging" over time and some judgment in the timing of achieving the goal. Pushing too hard to drive inflation down to 2% in the short term could result in excessive economic pain and job losses, which may not be justifiable given the arbitrary nature of the 2% target. The Fed should consider a slightly higher inflation target, but the public relations challenges may lead them to stick with the current 2% target, at least until the next formal review of its long-term strategy and goals..
VR Score
91
Informative language
94
Neutral language
40
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semi-formal
Language
English
Language complexity
61
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
3
Source diversity
3
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