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No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent

Price inflation in the United States remains stubbornly high, with October's print at 7.7 percent. The Fed's preferred measure, so-called core inflation is only two-tenths of a percent below 40-year highs, at 6.3 percent.

No Surprise: Wall Street Wants to Raise the Target Inflation Rate Above 2 Percent

The push for higher inflation rates is just the latest reminder that wealthy bankers and other members of the ruling class aren't harmed by price inflation the way that ordinary people are.

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