Federal Reserve Chairman Waller warned that inflation has not shown meaningful deceleration and stated that policymakers must be certain that inflation is moving in the right direction, otherwise the central bank "still has work to do." Waller reiterated that the Federal Reserve will bring the inflation rate back to its 2% target, emphasizing that this is a clear and fixed objective. He said, "My standard is that we must be confident that underlying inflation is moving towards our target and th

Federal Reserve Chair Walsh has warned that inflation has not shown any meaningful slowdown, stating that policymakers must be certain inflation is moving in the right direction, otherwise the central bank "still has work to do." Walsh reiterated that the Federal Reserve will bring the inflation rate back to its 2% target, noting that this is a clear and fixed objective. Walsh said, "My standard is that we must be sure underlying inflation is progressing toward our target, and that the pace is sufficiently clear and fast enough. Otherwise, we still have work to do. That is our responsibility." Walsh also noted that current financial conditions are not restrictive, and that interest rates are the Federal Reserve's "main tool" for fulfilling its mandate.