Fed Chair Powell: Committee Aims for 2% Inflation Target

U.S. Federal Reserve Chair Jerome Powell stated that the Federal Open Market Committee is committed to achieving a 2% inflation target. According to Jin10, Powell emphasized the importance of this goal in maintaining economic stability and fostering sustainable growth. The Fed's strategy involves careful monitoring of economic indicators and adjusting monetary policy as necessary to guide inflation towards the desired level. Powell's remarks underscore the central bank's dedication to its inflation objectives amid ongoing economic challenges.