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There's No Magic to Fed's 2% Inflation Target

What Goes Up

CHAPTER

The Fed's Future Path in Inflation

Headline CPI fell to 3%, which it feels like we haven't seen in a while. I'm much more confident that inflation is going to come down than I am, says Rick McGahey. He doesn't think the Fed needs to destroy the employment paradigm today. And he thinks there's a natural migration lower once you reach these levels.

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