
Major central banks, including the Federal Reserve, are considering a shift away from strict inflation targeting towards a range-based approach due to rising inflation concerns. Analysts suggest a move towards a 2-3% inflation target range. The Fed's credibility is questioned amid ongoing high inflation and asset inflation, with calls for tighter monetary policy to address the situation.
The US dollar has lost 25% of its purchasing power since January 2020. Every $1 you had is now worth $0.75 of goods. Insane. https://t.co/vu0znTRvLt
Maybe, if inflation settles at 2-to-2.5%, if we're closer to 3%, it will be difficult for such a facade to hold without an explicit shift in the target. That won't happen, which brings us to the inevitable re-tightening. https://t.co/RK30LPznHj
Inflation is so bad that even the Fed is losing purchasing power https://t.co/Idc5rRYIS7


