[chb]

An astute and accurate observation. However, there is no numeric target set in the mandate you allude to: "The Federal Reserve was created by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. In 1977, Congress amended the Federal Reserve Act (FRA) to provide greater clarity about the goals of monetary policy. The amended FRA directs the Board of Governors and the FOMC to conduct monetary policy “so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” [https://www.federalreserve.gov/aboutthefed/files/the-fed-exp...]