FOMC Inflation Targeting

The FOMC’s announcement of an explicit inflation target (25 Jan 2012) should be reviewed alongside these interesting contributuions from the St Louis Fed…  How Did We Get to Inflation Targeting and Where Do We Need to Go to Now? A Perspective from the US Experience, FRB St Louis Review, Jan/Feb 2012
Inflation Targeting in the USA, speech by James Bullard, President and CEO FRB St Louis, 6 Feb 2012
Also have a look at…
The Federal Reserve’s inflation target: Shiny, new, unopened & unused, The Economist 18 Jun 2012