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2%. Getting off 9% is not hard. Getting below 4% is where we will see what they need to do to hammer it down.
by trident5000 4y ago
2%. Getting off 9% is not hard. Getting below 4% is where we will see what they need to do to hammer it down.
- chaorace 4y agoI suspect that everyone (Fed, consumers, government) will be relatively content to float around at 4% YoY CPI for the medium-term now that the "inflation overton window" (if you will) has shifted so much. I can't imagine that policymakers are going to make precisely zeroing in on 2% their first priority given the current market anxiety... but that's ultimately a bridge that will have to be crossed when we collectively get there.