> Cumulative inflation of 66.3% over the last 20 years (based on CPI, it's probably actually worse).
For context they target 2% per year, so cumulative over 20 years should have been around 48.6%
For context they target 2% per year, so cumulative over 20 years should have been around 48.6%
Flexible Average Inflation Targeting (FAIT) allows for the Fed to let inflation to run above 2%, with the hopeful expectation of bringing it down below it at some point.
https://www.brookings.edu/articles/assessing-the-federal-res...