_fed-chair-powell-pushes-back-on-inflation-tolerance-claims-reiterates-commitment-to-2.jpg "Fed Chair Powell Pushes Back on Inflation Tolerance Claims, Reiterates Commitment to 2% from banks Video Screenshot Preview")
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⏲ Duration: 0:47
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✓ Published: 02-Apr-2024
👁 View: 100K times
✓ Published: 02-Apr-2024
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Fed Chair Jerome Powell pushed back on the idea that the central bank has become more tolerant of higher inflation levels, saying revisions to its economic projections don't mean a change in its commitment to bringing inflation down to 2%. The March jobs report, a key labor market indicator, will be released on Friday and provide new data on nonfarm payrolls, unemployment, wages, and more. Some economists have argued the Fed risks inflation rising further in the near term by signaling rate cuts even as inflation projections were revised up.
Fed Chair Jerome Powell pushed back on the idea that the central bank has become more tolerant of higher inflation levels, saying revisions to its economic projections don't mean a change in its commitment to bringing inflation down to 2%. The March jobs report, a key labor market indicator, will be released on Friday and provide new data on nonfarm payrolls, unemployment, wages, and more. Some economists have argued the Fed risks inflation rising further in the near term by signaling rate cuts even as inflation projections were revised up.
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