Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates

Wall Street Journal, Aug. 27, 2020–Nick Timiraos (subscription)
The Federal Reserve approved a major shift in how it sets interest rates by dropping its longstanding practice of pre-emptively lifting them to head off higher inflation, a move likely to leave U.S. borrowing costs very low for a long time.
https://www.wsj.com/articles/feds-powell-headlines-virtual-jackson-hole-economic-conference-11598486400?mod=hp_lead_pos1