The Federal Reserve's repeated failure to meet its 2% inflation target within projected two-year timeframes raises questions about its credibility.
"every year since 2015, the SCP has forecast that you would hit your target two years later. And this year, uh, this SCP says you're going to hit your target two years later. Uh, 2% does not seem to be in sight. Does that suggest that the 2% target is not really achievable? And does this present any credibility problems for you in telling people that that's what you're going to do if you can never reach it?"