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Fed Chair Powell Says He Is "Not Satisfied" With Inflation Progress
Federal Reserve Chair Jerome Powell signaled inflation remains a key concern, saying current data is not convincing enough.
* Powell said recent inflation data does not fully reflect underlying price pressures.
* He described the U.S. labor market as "quite good."
* However, he added, "I am not satisfied with any inflation indicators."
* The Fed will continue reviewing its policy tools, including interest rates and the balance sheet, to determine whether further adjustments are needed.
Powell's remarks suggest the Federal Reserve remains cautious on inflation despite continued strength in the labor market.
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