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The FOMC of the Federal Reserve moved to inflation targeting in 2012. a) Suppose you are being asked to develop an argument against the adoption

The FOMC of the Federal Reserve moved to inflation targeting in 2012.

a) Suppose you are being asked to develop an argument against the adoption of inflation targeting by the Fed by focusing your arguments on the declared goals of monetary policy in the US. What will be your argument(s) against it?

b)Suppose now that you are being asked to develop a counter argument, refuting your original arguments in (a) and supporting the adoption of inflation targeting. What will be your argument(s)?

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