Has the Fed Quietly Raised Its Inflation Target? | Presented by CME Group

The Fed held rates steady despite PCE inflation reaching 3.7% in July. With inflation having spent more than five years above the Fed’s official 2% target, should investors conclude that policymakers have quietly accepted a new, higher inflation target? 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