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Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty

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Getting to 2% inflation won't be easy. This is what will need to happen, and it might not be pretty

A construction in a multifamily and single family residential housing complex is shown in the Rancho Penasquitos neighborhood, in San Diego, California, September 19, 2023.

Mike Blake | Reuters

In theory, getting inflation closer to the Federal Reserve’s 2% target doesn’t sound terribly difficult.

The main culprits are related to services and shelter costs, with many of the other components showing noticeable signs of easing. So targeting just…

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