FED changes its stance on inflation

[Nic S.]

The FED announced today it will change its thinking when it come to inflation. They will be looking to “average” 2% inflation rather than force it by raising and lowering rates. They’ll stop relaying so heavily on unemployment numbers as an indicator as when to raise rates.

You can read more here: https://www.nytimes.com/2020/08/27/business/economy/federal-reserve-inflation-jerome-powell.amp.html

Apparently this will keep interest rates low for another 5-10 years and the housing crash so many predicted may not happen. What do you think?