On the recordJune 20, 2023
The Committee is completely unified in the need to get inflation down to 2 percent, and we will do whatever it takes to get it down to 2 percent over time.
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congress.govThe Committee is completely unified in the need to get inflation down to 2 percent, and we will do whatever it takes to get it down to 2 percent over time.
Powell emphasizes the commitment to reducing inflation to the target rate.
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So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
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