Will the Fed Abandon Its 2% Inflation Target?

US inflation continues to hover around an annual rate of 5%, despite a year of relentless rate hikes by the Federal Reserve. The continued tightening is designed to return inflation to the Fed’s target rate of 2%. Will the central bank be obliged to accept a higher minimum level? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
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