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Federal Reserve Chair Jerome Powell expressed confidence that inflation will return to the Fed's 2% target during a recent address. Powell acknowledged that the process of reducing inflation has been slower than anticipated but emphasized the Fed's commitment to achieving this goal. He noted that while inflation has decreased from its peak, it remains above the desired level, requiring ongoing attention. The Fed has been implementing a series of interest rate hikes to curb inflation, and Powell suggested that further monetary tightening could be necessary to ensure inflation trends down to 2%. He also highlighted the importance of balancing these measures to avoid causing undue harm to the economy. Powell's remarks signal the Fed's ongoing vigilance in managing inflation and maintaining economic stability.#PowellSpeech #Powell #FederalReserve