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

Odaily News: Federal Reserve Governor Waller stated that he prefers setting the inflation target as a range rather than the current single 2% target, personally favoring a range of 1.5%-2.5%. He noted that requiring the 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 point can sometimes be too harsh. Adopting a target range may better reflect the actual economic conditions.