Federal Reserve chair Jay Powell has warned the US central bank against the risk of being “misled” by good data on prices, saying the mission to return inflation to its 2 per cent target had a “long way to go”.
Speaking at an IMF event on Thursday, the Fed chair said officials were “gratified” by the retreat in price pressures but stopped short of sounding the all-clear on an inflation problem that has proven more persistent than policymakers expected.
“We know that ongoing progress toward our 2 per cent goal is not assured: inflation has given us a few head fakes,” he said in prepared remarks. “If it becomes appropriate to tighten policy further, we will not hesitate to do so.”
您已阅读16%（685字），剩余84%（3723字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。