Must-Read: Narayana Kocherlakota: The Fed Needs a Better Inflation Target: “A higher goal, with more public support, would benefit the central bank and the economy… https://www.bloomberg.com/view/articles/2017-06-08/republicans-weren-t-smiling-about-comey-or-trump …Today, a group of economists published a letter urging the U.S. Federal Reserve to consider a monumental change in policy: raising its target for inflation above the current 2 percent. … Continue reading Must-Read: Narayana Kocherlakota: The Fed Needs a Better Inflation Target