You spent a day in a shopping mall armed with a clipboard and asked shoppers the question "Do you think inflation should be low?" most likely you'd get the unanimous answer "Yes." On the other hand, if you asked "How low should the inflation rate be?" responses would probably vary. Not only are there contrasting views among the general public regarding this question, economists also hold different views regarding ideal inflation rates.
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Fed in Print: An index of the economic research conducted by the Fed.