EXPLAINER-The Fed wants ideas on how to target inflation

The Federal Reserve is convening experts to discuss overhauling how the world's most powerful central bank manages the U.S. economy. Fed policymakers and economists meeting in Chicago for a June 4-5 research conference will weigh options on how to best target inflation, part of a year-long review of the central bank's policy framework. The Fed announced a 2% inflation target in January 2012 but since then inflation has almost always been lower.

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