Betting against feds are fun! /s

Against? Is the role of the Fed not to dilute the national currency?

2020 and 2021 exist as years, the answer to your question is clearly negative, at least for certain time periods.

Years since 1970 with the inflation rate below the supposed 2% target:

2020

2019

2013-2016

2010

2009

2002

and 1986.

For a 52-year period, that's not too many years. Just a fifth.

If the Fed were genuinely targeting 2%, I'd expect half.

The geometric mean inflation rate of this period is 3.92%, almost double the stated target.

I used data from here: https://www.macrotrends.net/countries/USA/united-states/infl...