Federal Reserve Chair Powell Discusses Inflation and Monetary Policy Outlook

According to BlockBeats, Federal Reserve Chair Jerome Powell highlighted that the main focus of differing opinions is on the future economic outlook. He noted that the core personal consumption expenditure, excluding tariffs, might be around 2.3% or 2.4%. Powell emphasized that the inflation rate, excluding tariffs, is not far from the 2% target. He expressed that tariffs are unlikely to be a one-time inflation shock. The Federal Reserve believes that monetary policy remains slightly tight and is firmly committed to restoring the inflation rate to 2%.