![Blog 27.08.2020 Vontobel size](/sites/default/files/styles/teaser_image_max715/public/2020-08/Blog-27.08.2020-Vontobel-size.png.webp?itok=qESLGf31)
Fed’s Revised Consensus Statement
The tweak that we will read so much about with respect to the inflation goal is that the new policy can be viewed as a “flexible form of inflation targeting”, meaning that following periods when inflation has been running below 2pc, appropriate monetary policy will likely aim to achieve inflation moderately above 2pc for some time.