Fed Chair Powell on Persistent Inflation, Ending Taper Sooner

The transcript discusses the current state of inflation, noting that it has exceeded 2% for a significant period. The term 'transitory' is considered outdated, and there's a need for clearer communication. The policy is adapting to ensure inflation does not become entrenched. The economy is strong, and inflationary pressures are high, prompting a reconsideration of the timeline for tapering asset purchases, possibly sooner than previously announced.

What tools does the speaker mention to address higher inflation?

What is the speaker's view on the appropriateness of current economic measures?