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The chairman of the Federal Reserve, Jerome Powell, is talking to Thursday morning with the Thomas Laubach Research Conference.
The topic of Powell's presentation will be the review that the central bank will carry out this year of its political framework. The framework check that is carried out every five years helps the officials to offer a blueprint for monetary policy politics.
After the last review, the FED outlined a guideline that became known as flexible average inflation goals. The move was a declared intention to easily run inflation for a certain period of time over the 2% goal of the central bank in order to ensure full and integrative employment in the entire economy, including race and gender.
A year later, however, inflation began to escalate, finally reaching a 40-year-old high and forced the Fed in a number of aggressive interest increases.
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