text:  There was some talk among central bankers around the globe that that's kind of the right rate for the job market to be growing and for people to be able to manage the price rises with their wage gains and maybe high enough that if something horrible happened in the economy, the Fed had some room. But there's nothing magic about it, actually. In fact, the Fed could say, well, you know, we really think the right inflation rate for this period of time is 2.3 percent or 2.5 percent.