Powell: 2% Is and Will Remain Our Inflation Target

The video discusses the commitment to maintaining a restrictive monetary policy to control inflation. It highlights the challenges of identifying the appropriate policy stance in real-time and the impact of positive real interest rates on economic activity. The uncertainty in determining the precise level of monetary policy restraint is also addressed.

What is the inflation target mentioned in the text?

What challenges are common to all tightening cycles according to the text?

How does the current stance of monetary policy affect economic activity?

What is the significance of the neutral rate of interest as discussed in the text?

What does the text imply about the ability to identify the precise level of monetary policy restraint?