Need for revisiting 2 percent inflation target
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The article discusses the need to revisit the 2 percent inflation target. It highlights the concerns over the US Federal Reserve's slow response to cutting interest rates, as evidenced by a dip in job additions to the economy. Nobel laureate Joseph Stiglitz supports a higher inflation target, arguing that the 2 percent target has no technical basis and needs to be revised upward. The article also mentions the possibility of a recession in the US economy and the potential impact on the global economy. It emphasizes the challenges faced by developing countries like Pakistan in terms of investment and debt repayments. The author holds a PhD in Economics and has previously worked at the International Monetary Fund.

#InflationTarget #UsFederalReserve #Economy #Recession #InterestRates #JosephStiglitz #GlobalEconomy #DevelopingCountries #Pakistan

https://www.brecorder.com/news/40316659/need-for-revisiting-2-percent-inflation-target