Fed will have to adjust 2% inflation rate target -CIO

STORY: Data out Tuesday (March 14) from the U.S. Labor Department showed that the annual inflation rate in February was 6% - the lowest it has been since September of 2021, but still well above the Fed's 2% target.

Added Pence, "If you think about it, for the last 60 years, we've had a very long period of time where inflation was north of 4% - and the economy did quite well."