On the recordJune 22, 2022
We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.
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congress.govWe are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.
Powell reaffirms the Fed's commitment to reducing inflation.
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More from Jerome Powell
Tariffs this year are likely to push up prices and weigh on economic activity.
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.