Does the Fed Have an Explicit Inflation Target? If Not

question 100

Essay

Does the Fed have an explicit inflation target? If not, does this mean that the Fed is not concerned with inflation? Explain.

---

Definitions:

De Novo Review

A new; over again; a second time. A trial de novo, for example, is a new trial in which the entire case is retried.

Beyond Reasonable Doubt Review

A standard of proof used in criminal trials to ensure guilt is determined with a high level of certainty, indicating no reasonable doubt of the defendant's guilt.

Voluntary Compliance

The principle or practice of willingly adhering to laws, regulations, or guidelines without the need for enforcement actions.

Hybrid Rulemaking

A regulatory process that combines elements of both formal rulemaking (with a trial-type hearing) and informal rulemaking (with the notice-and-comment procedure).