The officials expect inflation to fall back to 2.2% in 2027 and hit the Fed’s 2% target in 2028. “It’s been amazing to see.”Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, March 18, 2026, in Washington. Advertisement“The rate forecast is conditional on the performance of the economy, so if we don’t see that progress then you won’t see the rate cut,” he said. Fed officials slightly boosted their outlook for growth this year and expected unemployment to stay unchanged at 4.4%. With inflation still elevated, many Fed officials are wary of repeating the mistake.

Source: Huffington Post March 18, 2026 19:50 UTC