Fed Chair Waller Reaffirms 2% Inflation Target, Pledges Framework Review

According to PANews, on July 14, Federal Reserve Chair Waller reiterated in a House hearing that the Fed is committed to price stability with an inflation target of 2%, and pledged to review the inflation framework. Waller expressed criticism of the Fed's 2020 framework, calling it a mistake, and indicated he would examine the causes of inflation and explore available policy tools.
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