Fed's Powell said inflation target will stay at 2% amid framework review
ReutersJan 29, 2025 8:21 PM
NEW YORK, Jan 29 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that the 2% central bank inflation target will remain in place as part of a Fed review of its policy making framework.
"We are not going to change the inflation goal," Powell said in a press conference following the Federal Open Market Committee meeting.
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