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Investing.com -- Federal Reserve Governor Stephen Miran stated Monday that he does not support any change to the central bank’s 2% inflation target at this time.
Speaking at an Economic Club of New York event, Miran emphasized that potential modifications to the inflation target should only be considered after the Fed has successfully achieved its current target for a significant period.
"Any prospective changes to the inflation target should only ever be entertained after a material period of the Fed achieving its inflation target, to avoid any appearance of changing the goal posts," Miran said.
The Fed governor also noted that he sees "very interesting questions about setting monetary policy over longer term," though he did not elaborate further on what specific questions he was referring to.
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