Chairmen Powell:
I SAID 2%
not 2.5
not 2.1
But 2% DANG IT

Chairmen Powell:
I SAID 2%
not 2.5
not 2.1
But 2% DANG IT

The Federal Reserve's stated goal was changed from "2%" to "an average of 2%". This is one of the few official policy changes they have made since they started in 1913.
They had 0% for years, which is included in calcuating that average, so they'll keep it above 2% for as long as the can.
Oh, shit.