Catherine Mann of the Bank of England says inflation will stay above 2%. But what if the problem isn’t inflation but is the target itself?
The 2% rule was invented in the 1990s to please markets, not to help people.
In this video, I explain why our obsession with hitting that number is crushing wages, stalling investment, and protecting the rich at the expense of everyone else.
It's time for an inflation policy that serves people, jobs, and the planet, and not financial markets.