Inflation 2023: Fed Says It’s Still Too High — What This Means Heading Into 2024
By Xinhua/Shutterstock / Xinhua/ShutterstockFederal Reserve Chair Jerome Powell reiterated that inflation is still “too high” and that the path to bringing it down will be “bumpy,” in an Oct. 19 speech at the Economic Club of New York. He added that the Fed remains “resolute” in its commitment to returning inflation to 2%. His remarks…