Federal Reserve Predicts High Inflation Will Persist for More Than Seven Years Post-Pandemic

Article Synopsis

The Federal Reserve now expects the fight against inflation to stretch more than seven years from its pandemic-era surge, pushing the 2% target out beyond 2028. Chair Jerome Powell admitted projections have shifted but stressed they reflect the Fed’s evolving outlook. 

While officials cut rates by 0.25% to support a weakening job market, they acknowledged tariffs under President Trump are adding new inflationary pressures. Powell emphasized the Fed’s commitment to balancing maximum employment with price stability despite the prolonged challenge.

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