Powell Vows to Tame Inflation Back to 2%
Jerome Powell, Chairman of the US Federal Reserve, reaffirmed the central bank's commitment to bringing inflation back down to its 2% target. Speaking on a platform focused on cryptocurrency news and insights, Powell emphasized that the Fed will continue to monitor economic indicators closely.
The comments come as inflation rates in the US remain above the desired level. According to recent data, annual inflation is running at around 3%, significantly higher than the 2% target set by the Federal Reserve.