Powell "Maintains 2% Inflation Target... Reevaluates Employment and Price Balance Strategy"

Minseung Kang

Summary

Fed Chairman Jerome Powell stated that the inflation target will remain at 2%.
The Fed is reevaluating the appropriateness of the average inflation targeting (AIT) and employment shortfall-focused strategy.
It was reported that a decision on whether to revise the wording of the policy document will be made in the coming months.

*Photo = US Federal Reserve (Fed) YouTube Capture*

Jerome Powell, Chairman of the US Federal Reserve (Fed), stated that the inflation target will remain at 2%, and the existing strategy regarding the balance between employment and prices will be reevaluated.

On the 15th, Chairman Powell stated at the Thomas Laubach Research Conference, "The 2% inflation target is still valid, and maintaining it is central to monetary policy."

Chairman Powell said, "We are revisiting whether the average inflation targeting (AIT) introduced in 2020 and the approach focused on employment shortfall are still appropriate, and we will decide in the coming months whether to revise the wording of the policy document."