How hard should the Fed squeeze to reach 2% inflation?

Paul Lane and Marc Fandetti discuss the upcoming meeting at Jackson Hole. 'Higher for longer' rate debate should dominate the meeting. How hard should the Fed squeeze to reach its 2% inflation goal? Mortgage demand from homebuyers drops to a 28-year low as interest rates soar. Office tenants are renewing leases, but for far less space. Falling eurozone business activity raises doubts over ECB's next move. Americans should expect to pay higher taxes next April.