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Powell: Not Confident Have Achieved Stance To Hit 2% Inflation

FED
Powell prepared remarks before his discussion at an IMF panel (full here)
  • Not confident we’ve achieved stance to hit 2% inflation
  • Fed won’t hesitate to tighten more if appropriate
  • Fed will continue to move carefully
  • Balancing risk of being misled by a few goods months of data and the risk of overtightening: "We know that ongoing progress toward our 2 percent goal is not assured: Inflation has given us a few head fakes. If it becomes appropriate to tighten policy further, we will not hesitate to do so. We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening."

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