For the last ten years or so, that rate has been closer to Better economic growth and getting more people working is an important part of any solution to personal and national prosperity, deficit spending, and personal and national debt.

Source: https://dailycaller.com/2023/02/06/opinion-what-biden-wont-say-at-the-state-of-the-union-mike-mckenna/

I see inflation staying persistently above the 2% mandate simply because every dollar is literally debt and the debt will compound to obscene levels now that rates are much higher than before and that there is no stop to government deficit spending.

Source: https://seekingalpha.com/article/4659974-verily-volatility-svix-short-idea-2024?source=feed_all_articles

The Federal Government incurred a deficit spending of N36.8 trillion in eight years under the administration of President Buhari from 2015 to 2022.

Source: https://hallmarknews.com/buharis-legacy-of-fiscal-policy-redundancy-hurts-economy/