Fed ‘Not Confident’ Inflation Policy Restrictive Enough: Powell

Additional tightening could be in store for the U.S. economy if inflation doesn’t come down fast enough.

Federal Reserve Board Chairman Jerome Powell speaks during the 24th Jacques Polak Annual Research Conference on Global Interdependence at International Monetary Fund headquarters in Washington on Nov. 9, 2023. Jim Watson/AFP via Getty Images

Federal Reserve Chair Jerome Powell is “not confident” that the central bank has done enough to eradicate inflation from the U.S. economy, he said in a prepared speech.

Appearing before an International Monetary Fund audience on Nov. 9, Mr. Powell warned that additional work must be done to restore price stability.