Bernanke: Suggests the Fed change the 2% inflation target to a range, 1.5% - 2.5%, or 1% - 3%.

US Treasury Secretary Benson supports reevaluating the Fed's inflation target once the inflation rate steadily falls back to 2%. Benson suggests that once the inflation target is reanchored, it can be discussed to be transformed into a range, for example, 1.5% - 2.5%, or 1% - 3%. Benson acknowledges the public's concerns about the cost of living, stating, "We understand that the American people are in deep pain," and blames it on the high prices during the Biden administration.