Is the Fed’s 2% Inflation Target Too Low for a K-Shaped Economy?
Addressing whether the Federal Reserve’s 2% inflation target is too low for a K-shaped economy, suggested policymakers privately recognize the risks of pushing inflation down to that level.
“I think they tell the world's 2%, but when they get in the conference room, they kinda wink wink because they know they're gonna break a lot of things if you're gonna get to 2%,” said.