Average inflation targeting

Average inflation targeting would mean the Fed aiming to return the average of inflation over some period, rather than getting inflation to 2% over the medium term.

It implies the Fed allowing inflation to run hot to make up for past periods undershooting the target.

Any clues from the July minutes as to its likelihood and any insights on what it would take for the Fed to initiate yield curve control could see dollar losses extend,” 



https://www.cnbc.com/2020/08/19/fed-faces-a-major-challenge-in-making-its-new-inflation-strategy-official.html





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