No appetite at Fed, ECB for changing inflation goal

Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a tweaking were dashed on Friday by the chiefs of the two institutions. Gathering in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas City economic symposium, both Fed Chair Jerome Powell and ECB President Christine Lagarde made plain their views: There will be no change to central bankers' shared objective of getting inflation back down to 2%.