I do believe the medium-term inflation goal of 2% will be reached, and that this is simply a function of supply chain disruptions. I was using the most recent CPI data. You can also get a 7% yield on treasury Series I bonds. [1]
The exact value of inflation this year is controversial and depends a lot on how you measure it, but you can replace it with 6 or 8 or whatever you think the correct value is without altering their point.