EXPLAINER-The Fed wants ideas on how to target inflation

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The Federal Reserve is convening experts to discuss overhauling how the world's most powerful central bank manages the U.S. economy. Fed policymakers and economists meeting in Chicago for a June 4-5 research conference will weigh options on how to best target inflation, part of a year-long review of the central bank's policy framework. The Fed announced a 2% inflation target in January 2012 but since then inflation has almost always been lower.