[Izkata]

> Cumulative inflation of 66.3% over the last 20 years (based on CPI, it's probably actually worse).

For context they target 2% per year, so cumulative over 20 years should have been around 48.6%

[scottiebarnes]

And recently, the firmness of the 2% target has changed.

Flexible Average Inflation Targeting (FAIT) allows for the Fed to let inflation to run above 2%, with the hopeful expectation of bringing it down below it at some point.

https://www.brookings.edu/articles/assessing-the-federal-res...