Why the 2% Obsession?
Sep 14, 2023•52 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
I'm beating myself up for not coming up with the question earlier...but why is the Fed so obsessed the the 2% inflation rate? Historically, inflation has seen an average rate of about 4%. Granted, that does include some difficult cycles of price increases; but that accounted for, is that 2% target rate worth achieving even if it does crater the economy and wage growth? Also, what's this I hear about capital requirements going up?
Find us on Twitter, Instagram, & Facebook @DRUNKENOMICAL
Merch: drunkenomics.myspreadshop.com
Patreon: patreon.com/drunkenomics
Stay Drunkenomical y’all!
For the best experience, listen in Metacast app for iOS or Android