Fed policy report reiterates commitment to price stability, saying some inflation measures have fallen over the past year
The Federal Reserve released its July monetary policy report to Congress in Washington on Friday, emphasizing its commitment to achieving price stability. The report pointed out that due to the impact of tariffs, "consumer inflation indicators rose steadily" in the second half of last year; since this year, due to the impact of the Iran war pushing up energy prices, inflation has risen further. The report also pointed out that some other inflation indicators, including the PCE trimmed average, which was previously highlighted by Federal Reserve Chairman Warsh, have declined over the past year. The Fed said it was prepared to use all policy tools to achieve its full employment and price stability goals, especially when the federal funds rate is bound by an effective lower bound. The report also said that U.S. labor productivity growth remains strong. Open a futures account on Sina's cooperative platform, safe, fast and guaranteed