Federal Reserve Chairman: The current inflation level in the United States is still too high

Lisbon, July 1 (Xinhua) -- Federal Reserve Chairman Kevin Walsh stated at the European Central Bank Forum held in Portugal on July 1 that the current inflation level in the United States is still too high, and reiterated that the priority of the Federal Reserve's work is to ensure price stability.

Walsh said that the Federal Reserve will "open up a new policy path", but did not further elaborate, while avoiding the question of whether the July monetary policy meeting will raise interest rates, emphasizing that it will not provide forward guidance on future interest rate policies.

Walsh stated that the Federal Reserve is establishing an independent working group to conduct research on topics such as monetary policy communication, economic data system, productivity, inflation framework, and balance sheet policy. He believes that if the existing policy framework affects decision-making efficiency, reforms should be implemented.