TechFlow, April 4 — According to Jinshi News, Federal Reserve Chair Powell delivered remarks on the economic outlook, stating that recently, progress toward our 2% inflation goal has slowed. Over the 12 months through February, total PCE prices rose by 2.5%. Core PCE prices, which exclude the more volatile food and energy categories, increased by 2.8%. Looking ahead, higher tariffs will work their way through the economy and could push inflation higher in the coming quarters. By most measures, longer-term inflation expectations (inflation expectations over the next several years) remain well anchored and consistent with the 2% inflation objective. We remain committed to sustainably restoring inflation to our 2% goal.
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