Rep. Khanna Questions Fed’s 2% Inflation Target Amid Calls For Re-evaluation

WASHINGTON, DC - APRIL 20: U.S. Rep. Ro Khanna (D-CA) (3rd L) speaks as Sen. Ed Markey (D-MA) (2nd L), Rep. Alexandria Ocasio-Cortez (D-NY) (R) and other participants listen during a news conference on the “Green New Deal” in front of the U.S. Capitol on April 20, 2023, in Washington, DC. Khanna questioned the Federal Reserve's goal to reach the 2% mark as the interest rate sits above 4%. (Photo by Alex Wong/Getty Images)

Rep. Ro Khanna (D-CA) has questioned the Federal Reserve’s 2% inflation target which the central bank has been targeting and defending vehemently in the wake of widespread calls for the need to have a re-look.

WASHINGTON, DC – JUNE 22: Federal Reserve Board Chairman Jerome Powell testifies during a hearing before Senate Banking, Housing, and Urban Affairs Committee at Dirksen Senate Office Building on June 22, 2023, on Capitol Hill in Washington, DC. The committee held a hearing to examine the Semiannual Monetary Policy Report to the Congress. (Photo by Alex Wong/Getty Images)