A fed official just said abandoning the 2% inflation target would be a 'disaster' that would send the world back to the '70s despite banking crisis

A fed official just said abandoning the 2% inflation target would be a 'disaster' that would send the world back to the '70s despite banking crisis

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For over a year now, the Federal Reserve has been attempting to reduce inflation to its 2% target. Officials have raised interest rates faster than any of their predecessors to do this, and even after the second- and third-largest bank failures in U.S. history this month—which were caused at least…

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