The Fed's 2% Target for Japan

The number of people who are in the workforce population has taken a big drop. This is not cyclical, right? And you've got people exiting the workforce. It's that time. I think wages, it's going to be high adding to the fact that I think energy is going to remain high. But I don't think the Fed can meet a 2% target. The idea of aiming for 2% was when there was concern that we would have deflationary impact and Japan does chronically.

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