(Answered) Under which chair did the Fed implement the policy of inflation targeting?Under which chair did the…

➤ How does the Fed implement inflation targeting in practice?
The Fed uses the federal funds rate, forward guidance, and balance-sheet operations to steer inflation toward 2 percent. The Open Market Desk executes rate policy through asset purchases or sales. The Fed also communicates its outlook to shape expectations and uses quantitative easing when short-term rates hit the effective lower bound.