Some economists think the central bank could wreck the job market if it sticks to that target. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Some economists fear that to lop a final percentage point off the inflation rate, the Fed will end up wrecking the jobs market. In 2023, that's not yet happened – with jobs numbers rising over the past six months and unemployment holding steady at under 4%, even though inflation has rapidly cooled. If Americans start losing their jobs, expect a lot more questioning of the hallowed 2% target.

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Persons: Ben Bernanke's, it's, that's, BlackRock, Rick Rieder, Bloomberg's Organizations: Federal Reserve, Service, Fed Locations: Wall, Silicon