The Federal Reserve will keep the inflation rate constant, regardless of evolving economic conditions, if it is using

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Inflation targeting is a monetary policy framework where the central bank sets an explicit target for the inflation rate and adjusts its policy instruments to try to ensure that this target is achieved. This means that the Federal Reserve would aim to keep the inflation rate constant, regardless of other economic conditions, if it is using inflation targeting. The other options (Friedman's monetary rule, monetary targeting, and the Taylor rule) do not necessarily focus on maintaining a constant inflation rate.

The Federal Reserve Will Keep the Inflation Rate Constant, Regardless