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




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