In the United States,the long-run inflation target is ________.
A)undisclosed
B)currently set at 7%
C)currently set at 2%
D)currently set at minus 1%

Question

Quizplus · Accepted Answer

The current long-run inflation target in the United States is set at 2%. This target was adopted in 2012 by the Federal Open Market Committee (FOMC) as a way to maintain price stability and promote maximum employment. The FOMC regularly reviews and adjusts this target as needed based on economic conditions. Choices A, B, and D are incorrect as there is a disclosed target and it is not currently set at any of those percentages.

In the United States,the Long-Run Inflation Target Is ________