Federal Reserve Chair Jerome Powell said Tuesday the central bank is aiming to bring down inflation to its 2% goal and is "firm" on keeping that target and not raising it to 3%.

"Two percent Is the global standard and that is our objective, 2% percent as measured by the PCE index," he said. '"That's just, that's not something we're looking at changing." (See: MNI: Fed Able To Tolerate Above-2% Inflation, To Keep Target)

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Federal Reserve Chair Jerome Powell said Tuesday the central bank is aiming to bring down inflation to its 2% goal and is "firm" on keeping that target and not raising it to 3%.

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