Achieving the 2% target is going to be somewhat painful.

 Whether the Fed keeps rates high for longer or spikes them quickly, pain is unavoidable

 With 2% inflation, for example, prices are going to double every 35 years. 

 Of course, if the inflation target went up to 4%, prices would double over 17 ½ years, or four times in a lifetime.  It’s hard to understand how anyone could construe that as price stability.

Achieving the 2% target is going to be somewhat painful.

Robert Brusca MarketWatch 22 February 2023

https://www.marketwatch.com/story/inflation-needs-to-get-back-to-2-but-the-fed-refuses-to-do-what-it-takes-and-were-paying-a-high-price-literally-888a5aa8