Wealthion · Monday, July 13, 2026
Chris Casey suggests that Fed Chair Kevin Warsh might abandon the current 2% inflation target, potentially moving towards a 0% target. Casey argues the 2% target lacks academic backing and serves only as a buffer against deflationary fears, likening it to a bar's last call.
“I could see him doing that because the reality is if you look into, uh, why they have this 2% target.”
“You know what that 2% target is, Maggie? It's bar time.”
“The 2% is solely for a margin so they don't actually touch 0% because they're so scared about deflation, right? That's the only justification. There's zero academic research backing it up.”