If the Fed just met its target of 2% inflation, prices would double in 36 years. The current inflation rate of 2.4%, which the Fed does not seem to be unhappy with, would lead to a doubling of prices in 30 years. Link https://fee.org/articles/why-is-the-fed-so-fixated-on-the-inflation-rate/ Tags Federal Reserve Money and Banking free markets Source FEE