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Campaign Updates

06/9/2017 | Building a National Campaign for a Strong Economy: Fed Up
Published By:Bloomberg

Fed Should Study Higher Inflation Target, Liberal Economists Say

A group of 22 progressive economists including Nobel Prize winner Joseph Stiglitz urged the Federal Reserve to appoint a blue-ribbon commission to consider raising its 2 percent inflation target.

In a letter to Chair Janet Yellen and the rest of the Fed board released on Friday, the economists argued that a higher objective would give the central bank more room to combat downturns in the economy without unduly hurting Americans’ living standards.

Read the full article here.