Fed Chair Powell: ‘We Are Moving Expeditiously’ to Bring Inflation Down

EXCERPT:

POWELL: "At the Fed we understand the hardship that high inflation is causing. We are strongly committed to bringing inflation back down and we are moving expeditiously to do so. We have both, the tools we need and the resolve it will take to restore price stability on behalf of American families and businesses. It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit all.”