Fed Could Operate Somewhat Above 2% Inflation Target, Clarida Says

The video discusses the concept of economic overshoot, focusing on inflation and the Federal Reserve's response. It includes an interview with Craig, who questions Chairman Powell about inflation risks. The Fed's 2% inflation target is explained, highlighting its flexibility. The discussion concludes with the challenges of maintaining symmetric objectives in an asymmetric economic world.

What is meant by a 'symmetric objective' in the context of inflation targets?

In what ways have central banks adjusted their policies in response to disinflationary forces?