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Powell: Inflation Rate Not Far from 2% Target, Monetary Policy Still Somewhat Tight

By: theblockbeats.news|2025/10/29 19:15:54

BlockBeats News, October 30, Federal Reserve Chairman Powell: The focus of dissent mainly lies in the future. Core personal consumption expenditure excluding tariffs may be 2.3% or 2.4%. The inflation rate excluding tariffs is not far from the 2% target. We do not believe that tariffs will be a one-time inflationary shock. We believe that monetary policy is still somewhat tight and are firmly committed to restoring the inflation rate to 2%. (FX168)

After the Fed released the interest rate decision, the spot gold price briefly dropped to $3979.9 per ounce.

Powell: More and More Officials Want to Postpone Rate Cut