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Right now on the hill its kinda hard to describe because its yes and no across party lines. The biggest talking point that you hear is how 2% is just not going to happen this year and to think so is nuts. I feel like people are concerned that if they go to 3% that they wont be able to slow it down further. Forward-looking I think 2% is possible in a couple of years but right now this year I think people would be thrilled for it to hit 3% and stay there
It sounds like the de facto target is 3%, then.
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I'd say its the unspoken assumption. No one will go on record though and say it and I doubt Powell will move to that either.
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