Federal Reserve Chair Jerome Powell said the U.S. central bank won't hesitate to tighten policy further if appropriate and reiterated that the central bank isn't fully confident that it has tightened enough to return inflation to 2 percent.

"If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said in brief opening remarks at an International Monetary Fund (IMF) conference in Washington, D.C. "We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data and the risk of overtightening."

Powell said policymakers are committed to returning inflation to their 2 percent target, and "are not confident that we have achieved such a stance."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

News