Powell: Inflation Rate Not Far from 2% Target, Monetary Policy Still Somewhat Tight

BlockBeats News, October 30, Federal Reserve Chairman Powell: The focus of dissent mainly lies in the future. Core personal consumption expenditure excluding tariffs may be 2.3% or 2.4%. The inflation rate excluding tariffs is not far from the 2% target. We do not believe that tariffs will be a one-time inflationary shock. We believe that monetary policy is still somewhat tight and are firmly committed to restoring the inflation rate to 2%. (FX168)