Fed is ‘close but not there’ on getting inflation under control, Powell says

Federal Reserve Chair Jerome Powell said Wednesday that the January consumer-price index data fit with an overall picture that the Fed is “close but not there” on getting inflation back to its 2% target.

Feb 12, 2025 - 18:24
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Fed is ‘close but not there’ on getting inflation under control, Powell says
Federal Reserve Chair Jerome Powell said Wednesday that the January consumer-price index data fit with an overall picture that the Fed is “close but not there” on getting inflation back to its 2% target.