Commentary
The Federal Reserve officially changed its target for inflation on Aug. 27. Going forward, the U.S. central bank will “anchor” its inflation target at 2 percent, compared with its previous target within a range of zero to 2 percent.
A “For Sale” sign outside a home in Moreno Valley, Calif., on Aug. 25, 2008. David McNew/Getty Images
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Tim Shaler
Author
Tim Shaler is a professional investor and economist based in Southern California. He is a regular columnist for The Epoch Times, where he exclusively provides some of his original economic analysis.
