Powell says Fed expects inflation on a 12-month basis will rise this year, stabilizing around 2 pct in medium term

Market news

27 February 2018

Powell says Fed expects inflation on a 12-month basis will rise this year, stabilizing around 2 pct in medium term

Fed does not see recent tightening of financial conditions as weighing heavily on outlook for economy, jobs and inflation
He finds monetary policy rules helpful
Fed's balance sheet normalization program has been proceeding smoothly

Fed's powell says U.S. central bank's policy committee will strike balance between avoiding overheated economy and moving inflation to 2 pct target on a sustained basis

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