Wall Street Increasingly Doubts Fed Can Meet 2%
Inflation Target
https://www.bloomberg.com/news/articles/2023-05-20/wall-street-increasingly-doubts-fed-can-meet-2-inflation-target
I stated in my piece for The Hill on April
19, 2022:
https://thehill.com/opinion/finance/3272668-is-4-percent-inflation-the-new-normal/
Given the Fed’s belated actions and the limitations of its policy tools, financial markets and the citizenry may have to consider the possibility that inflation will remain elevated (above the 2 percent target) for an extended period. The new normal for inflation may, in fact, be between 3-4 percent.
https://www.bloomberg.com/news/articles/2023-05-20/wall-street-increasingly-doubts-fed-can-meet-2-inflation-target
https://thehill.com/opinion/finance/3272668-is-4-percent-inflation-the-new-normal/
Given the Fed’s belated actions and the limitations of its policy tools, financial markets and the citizenry may have to consider the possibility that inflation will remain elevated (above the 2 percent target) for an extended period. The new normal for inflation may, in fact, be between 3-4 percent.
Related:
US Consumer Long-Term Inflation Expectations Hit 12-Year High
https://www.bloomberg.com/news/articles/2023-05-12/us-consumer-long-term-inflation-expectations-hit-12-year-high
https://www.bloomberg.com/news/articles/2023-05-12/us-consumer-long-term-inflation-expectations-hit-12-year-high
Why Is Inflation So Stubborn? Cars Are Part of the
Answer.