Fed Governor Waller favors setting inflation target at 1.5%-2.5% range

Odaily Planet Daily News: Fed Governor Waller stated that he prefers setting the inflation target as a range rather than the current single target point of 2%, with a personal preference for a 1.5%-2.5% range. He noted that it is unrealistic to require the central bank to precisely control inflation to a specific number, and using a single target point to judge the success or failure of monetary policy can be too harsh at times. Adopting a target range may better reflect actual economic conditions.