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I believe its no longer "sub" and now their mandate is just maintaining close to 2%
by doctoboggan 2y ago
I believe its no longer "sub" and now their mandate is just maintaining close to 2%
- jldugger 2y agoI know that the fed (Powell?) has been suggesting that 2% should be a long term average, but I took that largely to forgive their performance thus far. If they want credibility in the market long-term, they'll have to demonstrate they can return below 2% before lowering rates.