Fed Chair Powell Optimistic on Inflation Progress and Housing Market, but Cautious on Rate Cuts and Inflation Risks.
TL;DR Summary
Federal Reserve Chair Jerome Powell acknowledged progress in the US economy's recovery but said that inflation has not yet reached the central bank's target. Powell stated that the Fed will continue to support the economy until it has fully recovered, and that interest rates will remain low until inflation has reached and exceeded the Fed's 2% target for some time.
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- Powell says inflation risks remain as Fed pauses hikes Reuters
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