> The Fed's target in 2019 was 2%. 7% is high, but if it weren't for Russia and decreased in 2022, I'd argue they did a decent job. This is “broken clock” logi

> The Fed's target in 2019 was 2%. 7% is high, but if it weren't for Russia and decreased in 2022, I'd argue they did a decent job. This is “broken clock” logic. The only argument behind giving the Fed credit for the 7% rise in prices is “they’ve been trying really hard to do so”.