Ben Bernanke (the 14th Chairman of the Fed)has been more precise than his predecessor, suggesting a core inflation rate of ________ per year as being the 'equivalent' to price stability.

Question

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Bernanke suggested that a core inflation rate of 1 to 2 percent per year was the 'equivalent' to price stability, indicating that the Fed's goal would be to maintain inflation within this range in order to achieve price stability.

Ben Bernanke (The 14th Chairman of the Fed)has Been More