The Fed has recently changed its monetary policy goal from an inflation target of 2% to an inflation target of 2% “over time”, which means the Fed will allow inflation to rise above 2% for a while before it hikes interest rates.
Biden or Trump, it depends on the fiscal policies. And at least when you look at their published plans for the next four years, there is little difference between Biden and Trump (which may be surprising to some people): http://www.crfb.org/papers/cost-trump-and-biden-campaign-plans
Hello Joachim, Event with Biden winning the US election, inflation will take that long?
Biden or Trump, it depends on the fiscal policies. And at least when you look at their published plans for the next four years, there is little difference between Biden and Trump (which may be surprising to some people): http://www.crfb.org/papers/cost-trump-and-biden-campaign-plans