Birdwatch Note Rating
2024-11-01 21:26:55 UTC - HELPFUL
Rated by Participant: 7CBBBA70CB50393E25D6088198E0E3CAFD49806E0A32C41F02EED9E2E1AF8EB1
Participant Details
Original Note:
Post is factually correct and commenter is misinformed. The Fed’s target inflation rate is 2%, as Biden stated. He correctly compares this to the current rate of 2.1. https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm Multiple economists and publications justify this rate, as some inflation is a sign of a healthy economy. https://www.economist.com/the-economist-explains/2024/09/17/what-is-the-feds-preferred-inflation-measure
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