Powell says will likely take longer for confidence on inflation progress

During a “fireside chat” conversation between Federal Reserve Chair Jerome Powell and Bank of Canada Governor Tiff Macklem, the two central bank leaders are sharing their perspectives on the economic outlook and monetary policymaking in their respective countries. During the event, Powell said it will likely take longer for the Fed to have confidence on progress fighting inflation and that it is appropriate to let policy take further time to work. The central bank leaders continue presenting during the ongoing event.