Svmuu News: Federal Reserve Governor Waller stated that he favors setting an inflation target as a range rather than the current single target of 2 percent, and personally prefers a range of 1.5 percent to 2.5 percent. He noted that it is unrealistic to expect a central bank to precisely control inflation to a specific figure, and that judging the success or failure of monetary policy based on a single target level can sometimes be too harsh; adopting a target range may better reflect actual economic conditions.