Federal Reserve Chairman Powell: Two months of strong data is just the beginning of our confidence in building the inflation downturn.

Odaily News: Federal Reserve Chairman Powell said at the Jackson Hole Global Central Bank Annual Meeting that the two months of positive data is just the beginning of our confidence in the decline of inflation. However, he is not yet fully convinced that price pressures will continue to fall to the Fed's target of 2%, especially since inflation, excluding food and energy prices, is still more than double the target. Powell also stated that he has no intention of changing the Fed's inflation target, which remains at 2% and will continue to do so. (Jin10)