Fed Chairman Powell emphasizes "zero tolerance" for inflation, reaffirms commitment to achieve "policymaking reform."

According to the Securities Times app, Kevin Wash, Chairman of the Federal Reserve, reiterated on Tuesday at the hearing of the US House Financial Services Committee that the Federal Reserve has "zero tolerance" for sustained inflation above target levels, and once again put forward the proposal to promote "policy regime change" at the Federal Reserve. He stated that the Federal Reserve will comprehensively review the monetary policy framework and operations to ensure a complete restoration of price stability.