Fed’s Powell says there is "no risk-free path" in balancing inflation and jobs

Investing.com -- Federal Reserve Chair Jerome Powell acknowledged Tuesday that the central bank faces a challenging balancing act with "no risk-free path" as it navigates competing risks to inflation and employment. Powell highlighted that inflation remains "somewhat elevated" relative to the Fed’s 2 percent goal. "If we ease too aggressively, we could leave the inflation job unfinished," Powell warned. Powell emphasized that Fed policy "is not on a preset course" and that the central bank remains "committed to supporting maximum employment and bringing inflation sustainably to our 2 percent goal." Related articlesFed’s Powell says there is "no risk-free path" in balancing inflation and jobsWhy Zillow stock is tumblingVertiv stock falls after Microsoft unveils advanced chip cooling system