The Fed is staying the course on its 2% inflation target, but

 2% was surprisingly slow in the first half of 2023,” 

Accepting 3% rather than 2% inflation would have its appeal. Many question the feasibility of the current target and declare it arbitrary. 

As the only thing the Federal Reserve fears more than inflation is deflation,” Patinkin says, “it is just a matter of time before quantitative easing is re-introduced by central banks.”

John Authers and Isabelle Lee Bloomberg 11 juli 2023 

https://www.bloomberg.com/opinion/articles/2023-07-11/fed-2-inflation-target-is-coming-for-your-wages


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