Tuesday the 10th Oct 2023 - EWexplorer win and hat trick!, page-42

I think they mean it … but does the market know it … or believe it … yet … if ever?

https://www.marketwatch.com/articles/fed-officials-cpi-inflation-target-3be3603e?mod=mw_latestnews

[[[[ Fed officials in recent days have been reaffirming their commitment to getting inflation all the way back to 2%. While some economists and Fed watchers have suggested that raising the target could make conquering inflation less painful, avoiding job losses that reaching the 2% target might bring, central bank officials say the possibility shouldn’t even be under consideration until the current bout of inflation is under control.

Fed Gov. Christopher Waller on Tuesday highlighted how the 2% target, which the Fed formally established in 2012, was chosen in part because it was considered “most consistent” with the central bank’s dual mandate of stable prices and maximum employment.

“We have reaffirmed this numerical goal repeatedly since 2012, and, in tightening monetary policy since early last year, we’ve made clear that we’re determined to bring inflation down to 2%,” Waller said at a National Press Club event hosted by George Mason University’s Mercatus Center.

“Not three [percent],” Waller added in a deviation from his prepared remarks. “Not four. Two.” ]]]]]

Dex