Potential Federal Reserve nominee Judy Shelton said she would be in favor of an inflation target of 0%, adding that it would offer stable price signals in the economy.
The Federal Reserve currently targets 2% inflation, a level officials see as optimal for the economy.
Economists say that a 0% inflation target would leave the Federal Reserve with fewer tools to help the economy in the event of a downturn.
Conservative economist Judy Shelton, who has emerged as a potential nominee for...
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