The chair of the Federal Reserve Board, Jerome Powell, said that price stability remains the Federal Reserve’s top priority, reaffirming the Board’s goal of achieving 2% inflation, describing it as "steadfast and specific". Powell also highlighted the risks of inflation.
He added that a "large majority" of officials preferred to wait before making any changes to interest rates at the July meeting.
He added that a "large majority" of officials preferred to wait before making any changes to interest rates at the July meeting.
