Wash: Federal Reserve's primary goal is to get monetary policy right

Odaily News: Federal Reserve Chairman Wash stated that the Fed's primary goal is to get monetary policy right—or as right as possible. If we choose the right policies, then the inflation surge of the past five years will become history. My colleagues and I recognize that high inflation has been an undue burden on American families and businesses. Over a longer time frame, underlying inflation is largely determined by monetary policy. We are jointly and firmly committed to restoring price stability, which was the core topic of our June meeting.

The most prominent feature of the current economy is business investment. Its rapid pace—which appears to be accelerating—largely reflects the construction of data centers and the enormous demand for AI-related equipment and software to fill these centers. (Jin Shi)