Powell Says Fed Doesn't Want to Declare Victory on Inflation

The video discusses recent trends in inflation, noting that consumer prices have increased by 2% over the past year. The core PCE index, excluding energy and food prices, rose by 1.8%. The video emphasizes the importance of maintaining inflation near a 2% target and discusses factors that can affect inflation, such as oil prices. It also highlights the role of monetary policy in managing inflation expectations.

How did the unusually low readings from last March impact the recent inflation data?

What is the expected impact of the recent rise in oil prices on inflation in the coming months?