The Road Back to 2% Inflation
Notes on the Week Ahead - A podcast by Dr. David Kelly - Mondays
Categories:
It seems like a distant memory now, but in the decade before the pandemic, the main preoccupation of the Federal Reserve was boosting inflation, as measured by the headline personal consumption deflator, to 2%. Inflation undershot this target in ten of the twelve years between 2008 and 2019.