A higher Fed inflation aim could unsettle America and the world | Prof. Vidya Mahambare writes for LiveMint

The article highlights that If the US moves to a higher inflation target of 3-4%, then it would be similar to the inflation target of several developing countries. This would mean that nominal and real interest rates in the US and these developing countries would be similar should respective central banks achieve their inflation targets. Some Issues need further discussion and clarity before any move to a higher inflation target by the Federal Reserve can be considered an appropriate policy shift.