How High Does the Fed Want Inflation to Go?

The video discusses the Federal Reserve's approach to managing inflation, focusing on the challenges of achieving a 2% target. It explores historical debates on inflation targets, the importance of having a buffer against deflation, and the potential for allowing inflation to rise slightly above 2%. The discussion also covers the link between wage growth and inflation, emphasizing the need for wage growth to return to normal levels to complete the economic recovery.

What does the Fed's body language suggest about their comfort level with inflation?

How does the Fed plan to address wage growth in relation to inflation?