Does The Fed Really Want Medical Care Cost Inflation To Pick Up? The Fed’s inflation target (using the core personal consumption deflator) has been 2% for quite some time. It’s been below that rate since May 2012. At last week’s press conference, Fed Chairman Ben Bernanke said that the FOMC is considering setting an inflation floor.
Sept. 23, 2013 - Business Insider
Ben Bernanke in Town Hall As measured by the price index for personal consumption expenditures excluding food and energy [called the core PCE deflator],Mr. Bernanke noted, "inflation is projected to be 2-1/4 percent to 2-1/2 percent this year and then to edge...