Powell: Inflation excluding the impact of tariffs may only be 0.5% to 0.6% higher than the 2% target.
Jinse Finance reported that Federal Reserve Chairman Jerome Powell stated that monetary policy remains moderately restrictive, and non-tariff inflation is not far from the Fed's 2% target, possibly only 0.5% to 0.6% higher; he is firmly committed to bringing the inflation rate back to 2%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoFi announces the launch of the stablecoin SoFiUSD, initially deployed on Ethereum
The total market capitalization of gold-backed stablecoins has exceeded $4 billion.
The Dow Jones Index opened up by 300.74 points, and the S&P 500 rose by 70.3 points.
Trending news
MoreCrypto prices
More
