Fed Chair Jerome Powell Reaffirms Commitment to the U.S. Central Bank’s 2% Inflation Target
Powell said the Federal Reserve (U.S. central bank) has faced tariff, pandemic, and energy shocks over the past five years while maintaining its focus on the 2% goal.
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Terms & Concepts
Inflation target: A central bank’s stated price-growth goal, used to guide monetary policy and anchor public expectations.
Federal Reserve: The U.S. central bank, responsible for monetary policy, interest rates, and financial stability.