Why the 2% Obsession?

<p>I&#39;m beating myself up for not coming up with the question earlier...but why is the Fed so obsessed the the 2% inflation rate? Historically, inflation has seen an average rate of about 4%. Granted, that does include some difficult cycles of price increases; but that accounted for, is that 2% target rate worth achieving even if it does crater the economy and wage growth? Also, what&#39;s this I hear about capital requirements going up?</p> <p>Find us on Twitter, Instagram, &amp; Facebook @DRUNKENOMICAL</p> <p>Merch: <a href="http://drunkenomics.myspreadshop.com">drunkenomics.myspreadshop.com</a></p> <p>Patreon: <a href="http://patron.com/drunkenomics">patreon.com/drunkenomics</a></p> <p>Stay Drunkenomical y’all!</p>