Explain how inflation targeting as described by Ben Bernanke is consistent with the Feds dual mandate. Inflation
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Explain how inflation targeting as described by Ben Bernanke is consistent with the Fed’s dual mandate.
Inflation targeting promotes well-anchored inflation expectations, which facilitate more effective stabilization of output and employment. Thus inflation targeting can deliver good results with respect to output and employment as well as inflation.
Source: Federal Reserve Board, remarks by Ben Bernanke to the National Association of Business
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