Powell: Fed not considering changing inflation goal - Breaking The News

Powell: Fed not considering changing inflation goal

14 December

1 min read

EPA-EFE/MICHAEL REYNOLDS

The United States Federal Reserve is not considering changing its 2% inflation target, Chair Jerome Powell underscored on Wednesday.

Responding to a media question on raising the inflation goal in light of high price growth, Powell rejected the suggestion and pointed out that now is not the time to "be thinking about that."

However, he also acknowledged that "there may be a longer-run project" regarding the central bank's inflation target "at some point."

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