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the claim

The Federal Reserve aims for 2% inflation.

the verdict
SUPPORTED
the evidence backs this
Recorded sources
3 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that the Federal Reserve aims for 2% inflation?

Yes. One reference source states that in January 2012 the Federal Reserve, under Chairman Bernanke, set a 2% target inflation rate. Two other papers treat the Fed as having a numerical longer-run inflation objective without naming the 2% figure.

Verdict: SUPPORTED · 3 sources for, 0 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence for · 3
Inflation targeting - Wikipedia
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Inflation targeting - Wikipedia. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Inflation_targeting

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More for · 2
Bias in Federal Reserve Inflation Forecasts: Is the Federal Reserve Irrational or Just Cautious?
2005
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Carmona, C. C. (2005). Bias in Federal Reserve Inflation Forecasts: Is the Federal Reserve Irrational or Just Cautious?. doi.org. https://doi.org/10.2139/ssrn.648623

Did the Federal Reserve Break the Phillips Curve? Theory and Evidence of Anchoring Inflation Expectations
2020
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Bundick, B. & Smith, A. (2020). Did the Federal Reserve Break the Phillips Curve? Theory and Evidence of Anchoring Inflation Expectations. doi.org. https://doi.org/10.2139/ssrn.3691308

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