The Fed's Struggle to Reach 2% Inflation Target.
TL;DR Summary
The US Federal Reserve is facing a difficult task in bringing inflation down to its 2% target, as the economy recovers from the pandemic. The central bank has indicated that it will keep interest rates low until inflation is sustainably above 2%, but some economists are concerned that this could lead to higher inflation in the long term. The Fed has also said that it will tolerate inflation above 2% for a period of time, but it remains to be seen how long this will last.
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- More Reasons for the Fed to Relent The American Prospect
- The Federal Reserve has tried to curb inflation. Here's how it is going CNN
- An unspoken truth, the Fed's goal of inflation at 2% is not easily attainable Kitco NEWS
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