The Federal Reserve is targeting 2% annual inflation. The chart shows how rarely the central bank has been on the mark.
THE FEDERAL RESERVE BOARD (Fed) Since World War II, the goal of the Federal Reserve Board (Fed) has been to stabilize prices and maximize the level of employment. To achieve these objectives, the Fed has believed it necessary to predict future inflation rates and to steer interest rates up or down to maintain stable prices. … Continue reading 2019 Second Quarter Commentary