According to this Bloomberg article, you are seriously discussing the adoption of an explicit inflation target. Let me remind you that a price level target is even better since it has "memory". Let me also remind you that during the September, 2010 FOMC meeting you folks discussed the possibility of a nominal GDP level target. There is much to like about a nominal GDP level target--it improves upon a price level target in how it handles supply shocks--and I hope you seriously consider it too.
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