Opinion: Stop the printing presses: Why the Fed should target a hard 2% inflation cap - MarketWatch

1. Fed reviews monetary policy for price stability and employment goals. 2. The optimal inflation target is debated; a 2% target has historical context. 3. U.S. inflation is currently at 2.7%, affected by external economic factors. 4. Rising housing and service prices are pushing inflation expectations higher. 5. Fed's slower response contrasts with more aggressive actions by other central banks.