Projections are just projections and subject to change. Check out the projections the Fed made in 2020: https://www.federalreserve.gov/monetarypolicy/fomcprojta

Projections are just projections and subject to change. Check out the projections the Fed made in 2020: https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20201216.htm https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20... In 2020 they were projecting that 2022 inflation would be less than 2%, and rates continuing to be near-zero into 2023.