http://www.bloomberg.com/news/2012-...ward-more-openness-with-2-inflation-goal.html Their measuring stick is flawed (of course): More: http://www.zerohedge.com/contributed/bernanke-goes-all Jim Rickards says inflation targeting is a blank check for QE. It allows the Fed to enagage QE whenever they feel the need (when their CPCE model tells them so) without constraints on when it might end or the need to announce it explicitly to the market: http://www.youtube.com/watch?v=LtNinfLrebI (embedding disabled)
