Lawmakers Offer Support for Fed’s New Inflation Strategy

Wall Street Journal, Sept. 24, 2020–Nick Timiraos, Kate Davidson (subscription)
Over three days of congressional hearings this week that concluded Thursday, Fed Chairman Jerome Powell received some accolades—and not a word of concern—from lawmakers about the central bank’s formal decision to seek periods of higher inflation to compensate for periods of lower inflation.
https://www.wsj.com/articles/lawmakers-offer-support-for-feds-new-inflation-strategy-11600967266?mod=hp_major_pos1#cxrecs_s