SRI-KUMAR: The Fed is 'out to lunch,' and its inflation target is wrong

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SRI-KUMAR: The Fed is 'out to lunch,' and its inflation target is wrong

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Dr. Komal Sri-Kumar, the president of macroeconomic consulting firm Sri-Kumar Global Strategies, argues that the Fed is "out to lunch" and says that there's nothing to suggest inflation is going anywhere near the central bank's inflation target of 2%.