August 22, 2023

The case to raise the inflation target

13 minutes

Inflation has been the hot topic for over a year now. And the Federal Reserve has been on a mission to lower inflation down to its 2% target. But should Chair Jay Powell and his team aim for a higher target instead? We’ll also talk about China and Japan’s diminishing interest in U.S. Treasurys and how it can affect American debt. And some good news about the carnivorous Venus flytrap.

Here’s everything we talked about:

“Maui wildfire recovery: Hawaii governor insists fire-ravaged Lahaina community will be rebuilt as search efforts continue” from CNN

“The Fed Should Carefully Aim for a Higher Inflation Target” from The Wall Street Journal

“Elon Musk’s Shadow Rule” from The New Yorker

“El-Erian advises Federal Reserve to rethink its 2% inflation target” from Marketplace

“A barometer for the AI economy” from Marketplace

“Venus fly trap removed from endangered species list” from Public Radio Eastern North Carolina

“After years of losses, the Women’s World Cup broke even” from Quartz

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