On December 23, U.S. Treasury Secretary Bessent supported reconsidering the Fed's 2% inflation target. Bessent stated that discussions may revolve around adjusting the inflation target to a range of 1.5%-2.5% or 1%-3%. (Jin10)
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The US Treasury Secretary supports reconsidering the Fed's 2% inflation target.
On December 23, U.S. Treasury Secretary Bessent supported reconsidering the Fed's 2% inflation target. Bessent stated that discussions may revolve around adjusting the inflation target to a range of 1.5%-2.5% or 1%-3%. (Jin10)