The Fed’s Janet Yellen could use some target practice

• July 11, 2017
• realestate
• Business & Markets, Politics & Economy, Real Estate Finance

Ever since the Federal Reserve adopted an explicit inflation target of 2% in 2012, the central bank has had limited success in hitting it. Only once, in fact, in the months between April 2012 and today, did the year-over-year increase in the personal consumption expenditures (PCE) price index breach 2%.