When the actual and target rate of inflation are equal, the Fed will change interest rates only if it wants to change the target rate of inflation.

Name: When the actual and target rate of inflation are equal, the Fed will change interest rates only if it wants to change the target rate of inflation.
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The Fed may change interest rates even if the actual and target rate of inflation are equal in response to other economic factors such as unemployment, economic growth, and financial stability.

When the Actual and Target Rate of Inflation Are Equal