Federal Reserve Chairman Powell: The Federal Reserve is firmly committed to achieving the 2% inflation target, and failure to do so would cause greater harm

ChainCatcher news, Federal Reserve Chairman Powell stated during a panel discussion on monetary policy that price stability is the cornerstone of a strong economy, and maintaining price stability is the responsibility of the central bank. Inflation poses significant challenges to marginalized groups in society. The Federal Reserve is firmly committed to achieving a 2% inflation target, and failure to do so would cause greater harm. (source link)