Ekonomické zprávy

Fed Powell: Inflation is far above Fed's objective

Speaking at Thomas Laubach Research Conference, Federal Reserve's chair Jerome Powell said that U.S. inflation is far above the Fed's objective and reiterated that the U.S. central bank is strongly committed to returning it to a 2% target. 

Powell noted that price stability is the foundation of a strong economy and it is the responsibility of the central bank to maintain it.

The Fed's chair, however, added that interest rates may not need to rise as high given credit stress.

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