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Open original source ↗100% arbitrary given what other CBs did equally arbitrarily. Even after Bernanke's error fighting for target, in the decade that followed, inflation only hit 2% 11 times!
Post-Covid difference: Stimmys bypassed banking system & directly deposited funds into US household accounts
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@DiMartinoBooth Get rid of the 2% mandate - it was a dumb made up number anyway right?
ninebeers85 ↗