Two Indicators: The 2% inflation target

When contract negotiations between Alaska Airlines and their flight attendants' union broke down in 1993, the union had a choice to make. The union — The Association of Flight Attendants-CWA — knew that if they chose to strike, Alaska Airlines could use a plan. While Alaska Airli ...  Show more

Back in 2005, Burt Banks inherited a plot of old family land in Delaware. But when it came time to sell it, he ran into a problem: his neighbor had a goat pen, and about half of it crossed over onto his property. Burt asked the goats' owner to move the pen, but when neighborly pe ...  Show more

Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers should cut interest rates if US inflation continues to fall back to the 2% target. The Chicago Fed chief, speaking Tuesday on Bloomberg TV in Sintra, Portugal, said he feels “we are on a path to 2%” infla ...  Show more

As inflation continues to outstrip wage growth for all but the top ten per cent of earners, interest rates look set to keep rising at least until February 2024. The political economist William Davies joins Tom to consider the reasons for high inflation and the Bank of England’s r ...  Show more

For over a decade, America’s central bank has had an inflation target of 2%. On Wednesday, the Federal Reserve announced that it would keep its main interest rate unchanged in order to try and get inflation to that magic number. But what if the Fed is thinking about inflation all ...  Show more

When it comes to economic talk, inflation is a major topic these days. But the word for “getting inflation to slow down a bit” isn’t as well known. In this episode, we’ll talk to economists who tell us what the difference is between “disinflation” and “deflation” and why the Fede ...  Show more