The 2% inflation target is too rigid and the Fed should cut rates, some say

Federal Reserve Chairman Jerome Powell speaks at a press conference.

Two percent inflation is more than just the Federal Reserve’s target, one could argue, as it works to combat the pandemic-related price increases that have plagued American households for the past three years. It is the holy grail of the Russian Federation. Her Lodestar. Her mantra. Lately, however, the 2% target feels more like the … Read more