Powell reiterates commitment to bring inflation down to 2%
consumer price index (CPI) in May rose to 8.6% annually. Fed officials target 2% inflation as healthy for a growing economy and have said they will continue raising rates until prices return to that range
By Yashasvini Razdan
Published - Jun 17, 2022, 06:38 PM ET
Last Updated - Mar 11, 2024, 07:50 AM EDT
• Fed Chair spoke at the International Roles of the US Dollar conference
US Federal Reserve Chair Jerome Powell reiterated the central bank’s commitment to bringing down inflation, pointing its necessity for the global financial system, on Friday.
Powell spoke at the “International Roles of the US Dollar,” a research conference sponsored by the Federal Reserve Board, Washington.
