Powell "Inflation excluding tariffs not far from 2% target"

JH Kim

Summary

Jerome Powell, the Fed chair, assessed that inflation excluding the effects of tariffs has not strayed much from the 2% target.
Powell said at a press conference that the inflation rate is close to the 2% target.
He said monetary policy is still somewhat restrictive.

Jerome Powell, chair of the U.S. Federal Reserve (Fed), assessed that inflation excluding the effects of tariffs has not deviated greatly from the Fed's 2% target. He explained that monetary policy remains somewhat restrictive.

On the 29th (local time), according to economic news channel Walter Bloomberg, Powell said at a press conference, "The inflation rate excluding tariffs is close to the 2% target," and "We view current monetary policy as still somewhat restrictive."