The Federal Reserve's target rate for this is 2% but that was majorly exceeded in the late months of 2021

The Federal Reserve's target rate for this is 2% but that was majorly exceeded in the late months of 2021If you are looking for the The Federal Reserve's target rate for this is 2% but that was majorly exceeded in the late months of 2021 answer and solution then you have come to the right place. This question aired today (April 14 2022) in the popular Jeopardy! TV Show. If you would like to know the answer then continue reading below:

Question: The Federal Reserve's target rate for this is 2% but that was majorly exceeded in the late months of 2021
Answer: INFLATION

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