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Tim Duy on the Huge Challenge the Fed Now Has in 2022
Odd Lots
Should We Be Aiming for Something Other Than Two % Inflation?
In retrospect, maybe it wasn't that bad having years of subpar, below target inflation. Given athe current circumstances, i don't know that it's really politically possible for the fed to target something other than two %. I think they'd have a hard time creating support within congress for for a higher inflation target. Even though, you know, there's reason to think the economy could operate at three %.
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