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🚨📉 Federal Reserve admits REAL inflation goal
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This video talks about the Federal Reserve's target inflation rate.
The speaker claims that most people believe the Federal Reserve is targeting a 2% inflation rate this year, but that is not the case. The Federal Reserve actually has a target for the long run average core PCE to be at 2%. Core PCE stands for personal consumption expenditures excluding food and energy. As of August 2023, the core PCE has averaged 2.2% per year since January of 2012. This means that the Federal Reserve is not targeting 2% inflation for this year specifically, but rather aiming for an average of 2% over a long period of time. Right now, the Federal Reserve is aiming to bring inflation down to a level that is sustainably under 2%.
The speaker claims that most people believe the Federal Reserve is targeting a 2% inflation rate this year, but that is not the case. The Federal Reserve actually has a target for the long run average core PCE to be at 2%. Core PCE stands for personal consumption expenditures excluding food and energy. As of August 2023, the core PCE has averaged 2.2% per year since January of 2012. This means that the Federal Reserve is not targeting 2% inflation for this year specifically, but rather aiming for an average of 2% over a long period of time. Right now, the Federal Reserve is aiming to bring inflation down to a level that is sustainably under 2%.
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