Tom Burton debates whether the 2% inflation target still works. One speaker argues three percent is now the new two percent, citing sticky inflation and suggesting a shift toward 2.5 to 3% instead. Tariffs haven't had the economic effects people expected.
Three percent is the new two percent. I'll go further. I say it's changing the way that 2% is the wrong inflation target, unfortunately.
Wait, wait, somebody said this for the last two years? Yeah. I don't know who that was, but another brilliant economist, I'm sure. I, I mean, he's just, he's laying it out and basically what he's saying here, and it's not about, you know, anything we said here because we don't know, but the. He's saying that 2% is the wrong inflation number and the, And I think if you look at the markets, you look at everything else that's going on around us, and we're going to talk about it in a few moments here, that the tariffs aren't having the same impact that people were thinking about and so forth, that the economy's just been doing fine. And what he goes on to say is, you know, two and a half to 3% with this stickiness. And he said this structural side of the economy is different than when they came up with these numbers and should basically should be reevaluated.
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