2 ms·
Years since 1970 with the inflation rate below the supposed 2% target: 2020 2019 2013-2016 2010 2009 2002 and 1986. For a 52-year period, that's not too
by danuker 4y ago
Years since 1970 with the inflation rate below the supposed 2% target:
2020
2019
2013-2016
2010
2009
2002
and 1986.
For a 52-year period, that's not too many years. Just a fifth.
If the Fed were genuinely targeting 2%, I'd expect half.
The geometric mean inflation rate of this period is 3.92%, almost double the stated target.
I used data from here: https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi https://www.macrotrends.net/countries/USA/united-states/infl...