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https://www.federalreserve.gov/faqs/economy_14400.htm
"The Federal Open Market Committee (FOMC) judges that inflation of 2 percent over the longer run, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with the Federal Reserve’s mandate for maximum employment and price stability. When households and businesses can reasonably expect inflation to remain low and stable, they are able to make sound decisions regarding saving, borrowing, and investment, which contributes to a well-functioning economy."
Canada's reserve bank has the same 2% target:
https://www.bankofcanada.ca/core-functions/monetary-policy/
"At the heart of Canada’s monetary policy framework is the inflation-control target, which is the 2% midpoint of the 1%–3% control range. First introduced in 1991, the target is set jointly by the Bank of Canada and the federal government and is reviewed every five years."
So 2% is what they are both shooting for.
"The Federal Open Market Committee (FOMC) judges that inflation of 2 percent over the longer run, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with the Federal Reserve’s mandate for maximum employment and price stability. When households and businesses can reasonably expect inflation to remain low and stable, they are able to make sound decisions regarding saving, borrowing, and investment, which contributes to a well-functioning economy."
Canada's reserve bank has the same 2% target:
https://www.bankofcanada.ca/core-functions/monetary-policy/
"At the heart of Canada’s monetary policy framework is the inflation-control target, which is the 2% midpoint of the 1%–3% control range. First introduced in 1991, the target is set jointly by the Bank of Canada and the federal government and is reviewed every five years."
So 2% is what they are both shooting for.
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