Fed Governor Waller Favors Setting Inflation Target in the 1.5%-2.5% Range

Odaily News: Fed Governor Waller stated that he prefers setting the inflation target as a range rather than the current single target of 2%, personally favoring a range of 1.5%-2.5%. He noted that requiring a central bank to precisely control inflation to a specific number is unrealistic, and judging the success or failure of monetary policy based on a single target can sometimes be too harsh. Adopting a target range may better reflect actual economic conditions.