Fed Chair Powell (Q&A) says Fed continuing with making progress towards 2% will help lower-income affordability issues

Fed Chair Powell (Q&A) says Fed continuing with making progress towards 2% will help lower-income affordability issues.

Fed Chair Powell's comments suggest a continued commitment to the 2% inflation target, potentially easing concerns around affordability, particularly for lower-income households. This hawkish tone implies that the Fed remains focused on inflation, which could influence market expectations for future rate hikes and the USD's strength as traders reassess the monetary policy trajectory ahead.