A radical idea to solve inflation from a radical former Fed pick ...Middle East

By Matt Egan, CNN New York (CNN) — Millions of Americans are frustrated that their dollars aren’t going as far as they once did at the supermarket, on rent or on car insurance. Judy Shelton, a controversial economist who has been floated as a potential pick by former President Donald Trump to lead the Federal Reserve if he wins the November presidential election, has proposed a radical solution: The Fed should aim for no inflation at all. Currently, the Fed targets a stable inflation rate, where prices rise at a slow-but-steady pace of just 2%. It’s supposed to happen so gradually that people barely notice it. A zero percent inflation target might be popular, but it would represent

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A radical idea to solve inflation from a radical former Fed pick ...Middle East

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