Fed's Bostic Says He's Comfortable With Inflation Above 2%

The video discusses monetary policy aiming for inflation slightly above 2% and the implications of this target. It highlights historical challenges in managing employment levels without triggering uncontrollable inflation. The speaker emphasizes the importance of monitoring inflation trajectory over specific levels, expressing comfort with stable inflation slightly above 2% but concern over rapidly increasing rates.

What does it mean for monetary policy to aim for inflation moderately above 2%?

How does the speaker define 'sometime' in the context of achieving inflation above 2%?

What historical challenges have economists faced regarding low unemployment and inflation?

What evidence does the speaker suggest looking for before taking action on inflation?

Why does the speaker emphasize the importance of the trajectory of inflation rather than just the level?