Federal Reserve Chair Jerome Powell said the U.S. central bank won't hesitate to tighten policy further if appropriate and reiterated that the central bank isn't fully confident that it has tightened enough to return inflation to 2 percent.
"If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said in brief opening remarks at an International Monetary Fund (IMF) conference in Washington, D.C. "We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data and the risk of overtightening."
Powell said policymakers are committed to returning inflation to their 2 percent target, and "are not confident that we have achieved such a stance."
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