The Fed's interest rate goal (which is half of their dual mandate) is 2%. | Hacker News

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		presto8 1 day ago \| parent \| context \| favorite \| on: Statement from Jerome Powell The Fed's interest rate goal (which is half of their dual mandate) is 2%.

bakies 15 hours ago [–]

I believe that's the inflation goal, which is one of the two mandates. The other goal being maximum employment.

But I was wrong about ZIRP anyway. It's not a goal to get there it's what was used to strengthen the economy after 2008 and 2020 economic hardships.

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