Brian Chappatta, Columnist

Inflation ‘Near’ 2% Doesn’t Cut It Anymore for the Fed

The central bank confirms that its monetary policy is all about price growth now.

January 29, 2020 at 9:03 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Jerome Powell hints at the possibility of lower rates this year.
Photographer: Mandel Ngan/AFP/Getty Images

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In case it wasn’t obvious before the Federal Reserve’s January meeting on Wednesday, it should be crystal clear now: The central bank is obsessed with inflation.

One of the only changes to the Federal Open Market Committee’s statement was the following: