The Fed's Credibility in a Slow Economy

Sally Kohn: If 2% was the upside target in a slow economy at zero, Jesus, why 3% now when the economy is hitting on all cylinders? She says inflation spiked to 9%, five or six trillion dollars in stimulus and the Fed goes to 5%. "What logic would there be assume there's some rationality for 2% which as you pointed out, there isn't," she said. S&P 500 up 0.3%; Dow Jones down 1.1%.

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