Powell: Excluding the impact of tariffs, inflation may be only 0.5% to 0.6% higher than the 2% target.
2025-10-29 19:01:16
Federal Reserve Chairperson Jerome Powell said that monetary policy remains moderately restrictive, and that non-tariff inflation is not far from the Federal Reserve's 2% target and may only be 0.5% to 0.6% higher; it is firmly committed to returning inflation to 2%.
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