I was around as an adult for the last inflationary spiral. This one was mercifully short. The target of 2% is an ideal but historically it never happened. That is, we never really had stable inflation that low. So to say that inflaction was hot... begs the question, what is your base line. I say this as someone who was in financial services till retirement and even had 2 investment licenses.

I understand the pols just want to score points. But an intelligent headline would be that the Feds are still unable to get us to their goal.

It is a laudible goal. But a recovery without a recession is a miracle. To have done that and face screaming headlines as if we have a major failure is galling.