The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis.
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Other Quotes by "Jerome Powell"

My own experience is that the best outcomes are reached when opposing viewpoints are clearly and strongly presented before decisions are made.
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Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.
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The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.
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In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to be transmitted across borders.
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As with so many sectors of the economy, technology is transforming the retail banking sector.
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