Fed's Rosengren urges study of creating target range for inflation

By Kitco News / January 08, 2018 / www.kitco.com / Article Link

WASHINGTON, Jan 8 (Reuters) - The Federal Reserve should consider changing its inflation target to allow for an acceptable range of inflation rates, Boston Federal Reserve President Eric Rosengren said on Monday.

Rosengren said the optimal inflation target for the U.S. central bank might shift as time passes.

"My own view is that we should be focused on an inflation range, with the potential to move within the range as the optimal inflation rate changes," Rosengren said in prepared remarks at an event hosted by the Brookings Institution.


(Reporting by Jason Lange; Editing by Andrea Ricci)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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