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The Fed's Adjustment of Inflation Target
Many factors inflation that we've talked about the Federal Reserve can attempt to control with higher or lower interest rates as well as the balance sheet. There are a lot of secular factors over which the Federal Reserve has essentially no control such as reshoring. Do you ever think it could be possible that the Federal Reserve could adjust its inflation target to meet potential secular inflationary forces? So, you know, an inflation target of 3% or something like that, or it's 2%, but it's plus or minus. So it's anywhere from 1 to 3%. Well, it's been discussed a lot. I just doubt that anyone will take the decision to raise or to change the inflation target.