Federal Reserve Chairman Jerome Powell: In fact, inflation has been above target for five years, and we are concerned that some kind of shock could cause problems for inflation expectations. We are very firmly committed to stabilizing inflation expec

2026-03-19

Federal Reserve Chairman Jerome Powell: In fact, inflation has been above target for five years, and we are concerned that some kind of shock could cause problems for inflation expectations. We are very firmly committed to stabilizing inflation expectations at 2%.