Powell vows that the Fed is ‘acutely focused’ on bringing down inflation

Powell vows that the Fed is ‘acutely focused’ on bringing down inflation

• Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank’s commitment to bringing down inflation.
• In remarks to a conference on the U.S. dollar, he stressed that the Fed is “acutely focused on returning inflation to our 2 percent objective.”
• Earlier this week, the Fed raised rates three-quarters of a percentage point in an effort to bring down surging inflation.

https://www.cnbc.com/2022/06/17/powell-vows-that-the-fed-is-acutely-focused-on-bringing-down-inflation-.html