Federal Reserve Governor Waller Prefers Inflation Target Range of 1.5%-2.5%

Odaily News: Federal Reserve Governor Waller stated that he prefers to set the inflation target as a range rather than the current single target of 2%. Personally, he favors 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 using a single target point to judge the success or failure of monetary policy can sometimes be too harsh. Adopting a target range may better reflect actual economic conditions.