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Federal Reserve Chair Jerome Powell Says Risks Affect Both Sides of Mandate

Jerome Powell said the Federal Open Market Committee, the U.S. central bank’s policy panel, still expects to reach its 2% inflation goal.

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Terms & Concepts
  • Federal Open Market Committee: The U.S. central bank’s policy-setting panel that determines interest rate decisions and broader monetary policy.
  • Inflation target: A central bank’s stated price-growth goal, used to guide monetary policy and anchor market expectations.