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Inflation data has long signaled Fed policy changes because of a dual mandate that includes price stability. But now, critics argue the central bank may be too tied to the 2% target. Why the Fed ...
The path to the Fed’s 2% inflation target was expected to be long and bumpy, and it has been a little choppy the past couple of months, prompting the central bank to take a more cautious ...
Waller also said he thought the Fed's short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the central bank's 2% target.
The Fed specifically focuses on long-run inflation expectations and Fed Chair Jerome Powell makes it a point to mention the state of Americans’ inflation perceptions at every news conference ...
The Fed’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—rose 2.8% from a year ago in March. That ...
Federal Reserve Chair Jerome Powell said Tuesday that it will take "longer than expected" to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling that ...
Fed Chair Jerome Powell said Wednesday — when the central bank cut rates by a quarter point — that while there’s been “significant progress” on inflation, uncertainty also is growing.
Williams expects the Personal Consumption Expenditures index, which is the Fed's preferred inflation gauge, to be at 2.25% to 2.50% this year "before moving closer to 2% next year."