Jerome Powell said...

It is actually really important that we achieve our 2 percent target because our credibility is important on that front.

Powell emphasizes the importance of maintaining the inflation target for credibility.

11/27/2017

More Jerome Powell Quotes

Longer-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term i...

the Fed would assess which goal – stable prices or maximum employment – is furthest away and prioritize achieving it.

The level of the tariff increases announced so far is significantly larger than anticipated.

The same is likely to be true of the economic effects, which will include higher inflation and slower growth.