2% is the anchor that keeps expectations stable. Once you 'tolerate' 3%, markets price in 4%, and suddenly you're chasing inflation instead of leading it. Credibility is everything.
No — defend 2%. Moving the goalposts to 3% rewards fiscal laziness, erodes trust, and makes inflation expectations harder to anchor.
Moving the goalposts just proves you can't play the game. If they accept 3% now, they'll accept 4% later, entirely destroying their credibility and our purchasing power.
