Powell: Inflation data has not shown a significant improvement in trends, and the Fed's current primary focus should be on prices

BlockBeats News, August 28th: Federal Reserve Chair Powell stated that we must be confident that underlying inflation is moving towards our target, or in other words, we still have work to do. It is difficult to describe the current financial conditions as restrictive. Inflation data has not shown a significant improvement in trends; the Fed's current primary focus should be on prices.