Fed's Powell: Don't See 2% Core Inflation Before 2025

The transcript discusses the current and future outlook of inflation, specifically core inflation, and its implications on monetary policy. It is projected that core inflation will not reach 2% until 2025. The discussion also covers the conditions under which policy might be loosened, emphasizing that current conditions do not support such a change.

What is the expected timeline for reaching 2% core inflation according to the speaker?

What does the speaker imply about the current economic restrictions?