Walsh reiterates the 2% inflation target at the outset, stating there is no "soft target"

Odaily Odaily News: In his opening remarks at the press conference, Federal Reserve Chairman Walsh reiterated that the Fed is firmly committed to achieving the 2% year-over-year inflation target. Walsh stated that the committee will remain unwavering in achieving price stability. In the current uncertain environment, withholding forward guidance is a "prudent" approach. He emphasized to reporters that the Fed has no so-called "soft inflation target" nor any other implicit objective; the sole inflation target is 2%.

Discussing the overall economic situation, Walsh noted that the U.S. economy has shown "impressive resilience." Despite recent shocks, the overall development trend remains positive. (Jin Shi)