The Federal Reserve will abandon its 2% inflation target for a higher one (inferred window: about 10 years, by end of 2032).

Pending ●●●●●

“The Fed cannot change its target now, but will likely do so in the future.”

Said on: 15 December 2022 · Twitter thread arguing the 2% target is no longer credible
Source: Billionaire investor Bill Ackman says the Fed is 'no longer credible' on a key metric—and change is probably coming · Fortune
Should come true: by 2032
How sure they sounded: will likely
Categories: Economy
Importance: 3 of 5 · A change to the Fed's inflation target would reshape US monetary policy and bond markets

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