Powell: Inflation excluding the impact of tariffs may only be 0.5% to 0.6% higher than the 2% target.

Jinse Finance reported that Federal Reserve Chairman Jerome Powell stated that monetary policy remains moderately restrictive, and non-tariff inflation is not far from the Fed's 2% target, possibly only 0.5% to 0.6% higher; he is firmly committed to bringing the inflation rate back to 2%.