The change is significant for the central bank, because it means that Fed officials will accept higher inflation to make up for its previous shortfalls below 2%.
These are in advanced stages of testing, but there is no guarantee they will work, and there could be supply shortfalls.
Synthetic biologists have created a slow-growing version of the coronavirus to give as a vaccine|David Rotman|September 16, 2020|MIT Technology Review
Those include layoffs from local and state governments, which are facing huge budget shortfalls.
Unemployment rate falls to 8.4%—with over 10 million jobs added since April’s jobless peak|Lance Lambert|September 4, 2020|Fortune
In its new statement on longer-run goals, the Fed said its decisions would be informed by its assessment of “shortfalls of employment from its maximum level.”
Low interest rates may be here to stay, following Fed Chief Powell’s new approach on inflation|Lee Clifford|August 27, 2020|Fortune
Now, legislators are scrambling to close huge budget shortfalls in some of America’s western states.
How the global oil collapse ripped a hole in US state budgets|Michael J. Coren|July 25, 2020|Quartz
It was thanks to Woody that the 2008 Republican National Convention's $10 million shortfall was met.
Behind the Johnson & Johnson Curse|Emma Garman|August 11, 2013|DAILY BEAST
Since pension accounting of any sort weights near years more heavily than later years, we get an "average" shortfall of 16%.
Sorry, Folks: One Way or the Other, You'll Never Be Able to Completely Count on Retirement|Megan McArdle|March 15, 2013|DAILY BEAST
Its obligations that month would be $306 billion, a shortfall of $134 billion.
Government Shutdown Insanity|Michael Tomasky|January 15, 2013|DAILY BEAST
In addition, there was talk of reducing the 75-year shortfall with a “balanced package of tax and benefit changes.”
Democrats Must Step Up on Entitlement Reform for Fiscal Cliff Deal|John Avlon|November 27, 2012|DAILY BEAST
The GAO attributed much of the shortfall to the fact that the pools required people to have been uninsured for six months.
The Non-Problem that ObamaCare Didn't Fix|Megan McArdle|September 19, 2012|DAILY BEAST
British Dictionary definitions for shortfall
shortfall
/ (ˈʃɔːtˌfɔːl) /
noun
failure to meet a goal or a requirement
the amount of such a failure; deficiencya shortfall of £30m
loss, flaw, lack, deficiency, shortcoming, shortage, default, inadequacy, insufficiency, arrears, incompleteness, defectiveness, in the red, underage, in the hole, red ink