Federal Reserve Chair Jerome Powell emphasized the Fed's commitment to bringing inflation down to its 2% target during his latest remarks. He acknowledged recent inflation data as higher than expected, suggesting that interest rates may need to remain elevated for longer than previously anticipated. Powell noted that while the U.S. economy remains strong, the path to lower inflation may be bumpy. He reiterated that the Fed would base decisions on incoming data and is prepared to maintain or adjust policy as needed. Powell stressed the importance of patience and prudence to avoid undermining economic stability while pursuing price stability.