Critics of inflation targeting worry that if the Fed focuses only in fighting inflation:

Question

Quizplus · Accepted Answer

Critics of inflation targeting worry that if the Fed focuses only on fighting inflation, Congress would have no tools left to fight a recession. Inflation targeting may lead the Fed to raise interest rates, which can slow down economic growth and increase unemployment, making it difficult for Congress to use fiscal policy to fight a recession.

Critics of Inflation Targeting Worry That If the Fed Focuses