Central banks should target GDP instead of inflation, writes FT's Clive Cook, as he makes a case...

|By:, SA News Editor

Central banks should target GDP instead of inflation, writes FT's Clive Cook, as he makes a case for the Fed to change course with an old argument resisted by inflation hawks for years. Could it work? Economists may know soon if observers are correct that the Bank of England is already following an "unofficial" GDP target.