Powell Says Fed’s Inflation Goal May Be More Than 3 Years Away

The video discusses the goal of maintaining an average inflation rate of 2% over time to anchor inflation expectations. It highlights the commitment to using available tools to achieve this target, despite global disinflationary pressures. The arbitrary three-year timeframe for achieving this goal is acknowledged, with updates provided quarterly.

What is the significance of the three-year time frame mentioned in the text?

How often will the assessment of the inflation target be updated?