Fed's Kashkari Says 2% Inflation Target Is Permanent for 'Near Future'

The video discusses the 2% inflation target set by central banks globally, explaining its purpose as a balance between low inflation and a margin for error. It highlights the possibility of revisiting this target in the future, but stresses the importance of achieving the current target first to maintain credibility. The Federal Open Market Committee is committed to reaching this goal before considering any changes.

What does the speaker imply about changing the inflation target while inflation is above 2%?

How does the Federal Open Market Committee view its commitment to the 2% inflation target?