Jerome Powell clearly told about the inflation to decrease at how much?

In a Conference speech on Friday, Federal Reserve chairman Jerome Powell clear the intention toward inflation.

In the speech, he committed to bringing down inflation to its 2% goal, which means that interest rates will continue to rise

July consumer price index increased at 9.1% the annual rate of 8.5% which is only 6.8% in June.

He also said this is not only one monthly trend, and this will continue.

Higher interest rates, slower growth, and easier market condition will help in decreasing inflation.

The decrease in inflation helps the country.

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