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Fed will “keep pushing” until clear inflation is declining -Breaking


© Reuters. FILEPHOTO: Jerome Powell (Federal Reserve Chair) testifies before Congress, U.S.A., on March 3, 2022. Tom Williams/Pool via REUTERS

WASHINGTON (Reuters] – Jerome Powell, Fed chair, said Tuesday that the Federal Reserve would “keep pressing” on tightening U.S. monetary policy to ensure inflation remains low.

Powell spoke at a Wall Street Journal conference, “What is needed to see” was inflation dropping in a convincing and clear way. Powell added that they will continue to push until this happens. We will need to be aggressive in tightening financial conditions if it isn’t obvious.