#U.S. Treasury Secretary Open to Changes in Fed Inflation Target

According to PANews, U.S. Treasury Secretary Besent said the Federal Reserve’s 2% inflation target could be reviewed. He said officials may look at using a wider range instead of one fixed number.

Possible ranges mentioned include 1.5% to 2.5% or 1% to 3%, which could give policymakers more flexibility when dealing with inflation and economic conditions. No decision has been made, and the idea is still being discussed.

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