Powell: Progress towards achieving the 2% inflation target has slowed.

ChainCatcher

2025-04-05 01:22:47

ChainCatcher news, The Federal Reserve (FED) Chairman Powell spoke about the economic outlook, stating: “Recently, our progress toward the 2% inflation target has slowed. Over the 12 months ending in February, the PCE total price rose by 2.5%. Excluding the volatile food and energy categories, the core PCE price rose by 2.8%.” Looking ahead, higher tariffs will play a role in our economy and may raise inflation in the coming quarters. By most indicators, long-term inflation expectations (inflation expectations for the coming years) remain well anchored and aligned with the 2% inflation target. We remain committed to sustainably restoring the inflation rate to the 2% target.

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