About this episode
If the Fed had a mantra to go along with its mandate, it might well be "two percent." We look into how that became the target inflation rate, why some economists are calling for a change and how the inflation rate becomes unanchored. Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy