Fed Chair Powell Says No Immediate Decisions on Future Measures

Fed Chair Jerome Powell said on Thursday during a press conference that today's policy action supports the committee's goal of returning inflation to 2% more quickly. However, he emphasized that further discussions are needed over the next few weeks and months before making any decisions about future measures. He also clarified that the projection in the economic outlook summary suggesting 2029 as the target year for achieving the 2% goal reflects the views of his 18 colleagues, not his own personal forecast. Powell added that today's move demonstrates the Fed's serious commitment to stabilizing prices and its determination to achieve this goal.