Federal Reserve Chairman Waller: Inflation framework to be reviewed, inflation target remains 2%

Odaily Planet Daily News: At a hearing before the House Financial Services Committee on the "Federal Reserve's Semiannual Monetary Policy Report," Federal Reserve Chairman Waller stated that he hopes for broader economic growth and more limited increases in inflation. Inflation is a "choice," and now is not the time for the Fed to shirk its responsibility regarding inflation. The Fed remains committed to price stability, with an inflation target of 2%.

The Fed has the tools to achieve price stability. The Fed's 2020 framework was a mistake and did not succeed. He is pleased that his predecessor later abandoned the 2020 Fed framework. He will review the inflation framework to understand the causes of inflation and the measures that can be taken. (Jin Shi)