Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation.
Be sure to follow Minor Issues at <a href="https://Mises.org/MinorIssues" target="_blank">Mises.org/MinorIssues</a>.

Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation. Be sure to follow Minor Issues at Mises.org/MinorIssues.

Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation.
Be sure to follow&nbsp;Minor Issues at <a href="https://Mises.org/MinorIssues" rel="noopener noreferrer">Mises.org/MinorIssues</a>.

The Fed's 2% Inflation Target

Succinct economic commentary by Dr. Mark Thornton, senior fellow at the Mises Institute.

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The Fed's 2% Inflation Target

The Fed's 2% Inflation Target