transitory inflation
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A 2% inflation target is a myth, says JPMorgan’s Bob Michele
Bloomberg Television· 2026-04-09 19:31
I think we in the markets accept that a 2% inflation target is a myth. We haven't been there in half a decade. It didn't feel comfortable when we tried to get there and we were printing 1.7% 1.8%.It's too low for an economy the size and complexity of the US. 2 and a half feels like the new 2%. and we're a little bit above that um because we've got transitory inflation because of the energy shock that too may or may not fade.But I look at our analysis, I read Mike Feroli stuff a lot. Even with where energy i ...