Powell: We will keep raising rates until inflation falls

Powell made evaluations on monetary policy at the event organized by The Wall Street Journal.

Emphasizing that they have the tools and determination to reduce inflation, Powell said, "We need to see inflation come down clearly and convincingly, and we will continue to push until we see it." said.

"If we don't see that, then we'll have to consider moving more aggressively," Powell said. he said.

Pointing out that the bank increased interest rates by 50 basis points at its last meeting and they thought that continued interest rate hikes would be appropriate, Powell noted that the idea of ​​increasing interest rates by 50 basis points in the next two meetings also found broad support in the Federal Open Market Committee (FOMC).

Pointing out that the Fed will not hesitate to raise interest rates to more restrictive levels until inflation falls, Powell said, "We will go until we feel that we are at a point where we can say, 'Financial conditions are favorable, we see inflation falling'." used the phrase.