It’s the Fed’s job to carry inflation right down to our 2 % purpose, and we’ll achieve this. We now have tightened coverage considerably over the previous yr. Though inflation has moved down from its peak, a welcome growth, it stays too excessive. We’re ready to boost charges additional, if acceptable, and intend to carry coverage at a restrictive degree till we’re assured that inflation is shifting sustainably down towards our goal. At upcoming conferences, we’ll assess our progress based mostly on the totality of the info and the evolving outlook and dangers. Based mostly on this evaluation, we’ll proceed rigorously as we resolve whether or not to tighten additional or as a substitute to carry the coverage charge fixed and await additional information. Restoring worth stability is important to reaching each side of our twin mandate. We’ll want worth stability to attain a sustained interval of robust labor market situations that profit all. And we’ll preserve at it till the job is finished.