In the United States, Fed chairs have been quick to note that it is an average, not a ceiling. This means that they could easily run an inflation rate above 2.0 percent for a number of years without violating their rule.
Note: The entire idea of an inflation target is a dangerous idea (SEE: Is Milton Friedman the Direct Cause of the Current Crazed Fed "Inflation Targeting"?)
Anyone who thinks the inflation rate isn't far above 2% at all times isn't paying attention to reality.
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