And recently, the firmness of the 2% target has changed. Flexible Average Inflation Targeting (FAIT) allows for the Fed to let inflation to run above 2%, with

And recently, the firmness of the 2% target has changed. Flexible Average Inflation Targeting (FAIT) allows for the Fed to let inflation to run above 2%, with the hopeful expectation of bringing it down below it at some point. https://www.brookings.edu/articles/assessing-the-federal-reserves-new-monetary-policy-framework/ https://www.brookings.edu/articles/assessing-the-federal-res...