Wu Blockchain (@WuBlockchain): Fed Chair Powell: The Fed is abandoning its 2020 flexible average inflation targeting framework. We cannot take stable inflation expectations for gran…
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Fed Chair Powell: The Fed is abandoning its 2020 flexible average inflation targeting framework. We cannot take stable inflation expectations for granted. The impact of tariffs on consumer prices is now clearly evident. Uncertain estimates that employment may exceed its maximum sustainable level do not necessarily warrant policy tightening. If a tight labor market risks price stability, preemptive action may be needed.