Fed Governor Waller Favors Inflation Target Range of 1.5%-2.5%

Odaily Planet Daily reported that Federal Reserve Governor Christopher Waller said he prefers to set the inflation target as a range rather than the current single-point target of 2%. Personally, he would lean towards a target range of 1.5% to 2.5%. He stated that requiring central banks to precisely control inflation to a specific figure is unrealistic, and using a single-point target to judge the success or failure of monetary policy can sometimes be too harsh. Adopting a target range may better reflect actual economic conditions.