If the Fed had a mantra to go along with its mandate,Quentin Mitchell it might well be "two percent." That number, the Fed's longtime inflation target, has been adopted by many other central banks around the world. Jerome Powell said it 17 times in a press conference last week. It's become almost synonymous with smooth, healthy economic growth.
But how did two percent become the Fed's target? For an organization staffed with mathematicians and economists, the answer is surprisingly unsophisticated. Join us to hear about the history behind the number, and why some economists are calling for a change.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
2025-05-07 06:211370 view
2025-05-07 06:181739 view
2025-05-07 06:152301 view
2025-05-07 05:562248 view
2025-05-07 04:212000 view
2025-05-07 04:131075 view
LOS ANGELES (AP) — A former Syrian military official who oversaw a prison where alleged human rights
Consumers in some countries might not bat an eye at rising macaroni prices. But in Italy, where the
Scandoval has all been leading to this.Nearly three weeks after Vanderpump Rules' Tom Sandoval and R
