#Fed Chairman Jerome Powell: We know that high inflation seriously reduces purchasing power. We are aware of this.
Powell: We haven't deviated from our 2 percent target.
Powell: The banking system is strong enough to survive current and future challenges...
Powell: I think supply chain issues will continue.
Powell: The policy rate may not have to rise as much as thought.
Powell: No matter how many supply chain problems there are, central banks are responsible for price stability.
Powell: Compared to past problems, the source of the problems we experience today is that we experienced unexpected supply chain problems in addition to the inflation period.
