In his recent remarks, Federal Reserve Chair Jerome Powell reaffirmed the Fed's commitment to tackling inflation, emphasizing that while progress has been made, it remains a critical priority. He signaled the possibility of continued interest rate hikes if inflationary pressures persist, despite concerns over economic growth. Powell stressed the importance of a balanced approach, aiming to control inflation without derailing the recovery. Additionally, he highlighted the strong labor market as a key factor in supporting economic stability. Powell’s comments indicate that the Fed will stay flexible and responsive, closely monitoring economic conditions moving forward.
