Powell: Inflation has eased but remains above target The Fed awaits more data before considering adjusting interest rates

PANews reported on June 24 that Federal Reserve Chairman Jerome Powell said that long-term inflation expectations are consistent with the 2% target, and although inflation has eased significantly, it is still above the target level. He pointed out that tariffs could push up prices and put pressure on the economy, and the ultimate impact would depend on the level of tariffs. Powell stressed that the Fed is in a good position to wait for more data before considering interest rate adjustments, while acknowledging that there is still uncertainty about the impact of policy adjustments on the economy.