What does "step on the brakes" mean in this context? – ell.stackexchange.com

What does "step on the brakes" mean in this context? – ell.stackexchange.com

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Based on this page, I know it means STOP but i can't figure out what they would STOP. Raising that target to 3 or even 4 percent as some economists have suggested would shift the outlook of firms ...

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