Wosh: The Federal Reserve will never adopt a loose inflation target

Federal Reserve Chairman Waller refuted the view that the decision not to raise interest rates might affect the determination to combat inflation. He stated that the Federal Reserve would never adopt a "loose" inflation target and pointed out that the overall impact of inflation on consumers takes six years to manifest.

Waller emphasized that consumers are feeling the pressure of rising fuel costs, short-term inflation expectations are increasing, but households and businesses have confidence in the Federal Reserve's ability to maintain price stability.