US inflation will exceed 2% target as early as 2021 and 2022
Christopher Waller, a member of the Board of Governors of the US Federal Reserve, said on Thursday, 13 May.
“I expect inflation to exceed 2% this year and next year”, – the official said at a trade conference.
Going forward, the inflation rate will return to 2%, he said, adding that “there is nothing wrong with such fluctuations” when measured over the long term.