Fed Promises ‘Unconditional’ Commitment to Fighting Inflation

Fed Promises ‘Unconditional’ Commitment to Fighting Inflation
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington on June 15, 2022. Drew Angerer/Getty Images
Naveen Athrappully
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The Federal Reserve has promised to fight inflation unconditionally while also warning about a rise in inflation expectations in its latest Monetary Policy Report.

The Federal Open Market Committee (FOMC) has been “adjusting” its policies and communications since last fall in response to inflationary pressures, it said in a June 17 report.