Fed Is More Willing to Overshoot on Rates: KPMG's Swonk

The transcript discusses the central bank's approach to managing inflation, emphasizing a preference for overshooting rather than undershooting due to improved balance sheets. It highlights lessons from past economic policies, such as the 1960s and 1970s stop-and-go strategies, and the importance of not repeating past mistakes. The discussion also covers future inflation targets, with a focus on maintaining a 2% goal and the potential for adjustments once inflation is under control.

What does the phrase 'they see this as a marathon, not a sprint' imply about the central bank's approach to inflation?

What are the implications of the central bank's commitment to not change the inflation target during the fight against inflation?