Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Inflation topic
No spam. Unsubscribe anytime.
Chair says committee resolved to restore price stability as inflation stays above 2%
Summary
A Federal Reserve System committee Chair described the economy as "showing impressive resilience," said job gains are keeping pace with the workforce and unemployment has changed little, and warned that inflation remains above the committee's 2% goal, pledging to "deliver price stability."
The Federal Reserve System committee Chair said the economy is "showing impressive resilience," asserting that "job gains have kept pace with the workforce" and that the unemployment rate "has changed little." The Chair characterized the recent trends as positive while acknowledging ongoing inflationary pressure.
The Chair said "inflation remains elevated relative to the committee's 2% goal," and added that "we will deliver price stability." No formal action, vote or next procedural step is recorded in the transcript.
