Federal Reserve press conference, 2025-01-29 — Chair Jerome Powell

Question (Andrew Ackerman, Washington Post): Thanks. Andrew Ackerman with the Washington Post. I’m wondering if you could talk more about what further progress would look like for consumers.
Answer: Well, 2 percent—inflation down to—inflation down to 2 percent sustainably is what, what we’re trying to achieve. You know, we’re, we’re somewhat above that, as you know, and, you know, we, we want to see, you know, serial readings that suggest that we’re making further progress on inflation. That’s what we want to see. And consumers will, will pick that up, of course, in the things that they buy at the grocery store or at the store.