But here's the problem. And the Fed is between a rock and a hard place of their own making. The yellow line is The Fed's targeted personal consumption expenditures inflation target is 2%. inflation a year. Because over 10 years that just means we're devaluing our dollar by 20%. But that's their target. But what's happened with headline CPI consumer price index. (02:45–02:48)
CLAIM
Asserts that the Federal Reserve's inflation target for personal consumption expenditures is 2%.
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