10 sats \ 3 replies \ @Undisciplined 10 Apr \ on: Consumer prices rose 3.5% from a year ago in March, more than expected econ
Are you hearing any talk about raising the inflation target to 3%?
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270 sats \ 2 replies \ @Cje95 OP 10 Apr
Right now on the hill its kinda hard to describe because its yes and no across party lines. The biggest talking point that you hear is how 2% is just not going to happen this year and to think so is nuts. I feel like people are concerned that if they go to 3% that they wont be able to slow it down further. Forward-looking I think 2% is possible in a couple of years but right now this year I think people would be thrilled for it to hit 3% and stay there
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20 sats \ 1 reply \ @Undisciplined 10 Apr
It sounds like the de facto target is 3%, then.
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60 sats \ 0 replies \ @Cje95 OP 10 Apr
I'd say its the unspoken assumption. No one will go on record though and say it and I doubt Powell will move to that either.
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