The Federal Reserve's 2% inflation target has sparked discontent among liberals, with questions raised about why the goal is set at 2% and not higher to address the 11% additional inflation above the trendline since Jan 2020. CNBC notes the challenges ahead for the Fed in achieving the target.
Fed: Our new inflation target may be 3% but the top 1% are making 20% a year so stop complaining.
Now comes the hard part for the Fed to achieve its goal of getting inflation to 2% https://t.co/1A59hqHxES
The Fed keeps saying it wants to get the inflation rate back to 2%, but why is that the end goal? Why not keep monetary policy tight until the 11% additional inflation we've had since Jan 2020 above the 2% trendline is erased? https://t.co/eb06s4oWAa
The Fed keeps saying it wants to get the inflation rate back to 2%, but why is that the goal? Why not keep monetary policy tight until the 11% additional inflation we've had since Jan 2020 above the 2% trendline is erased? https://t.co/wKRIHv4oNK
The Fed’s 2% inflation target is a source of growing liberal discontent https://t.co/Dcl80EmgV4