Federal Reserve Chair Jerome Powell announced a potential shift in the central bank's policy strategy regarding inflation and employment. The Fed is considering revising its approach to labor market shortfalls and average inflation targeting. The latter was implemented in 2020 to allow inflation to moderately exceed 2% to enhance job growth and support the economy during downturns. However, inflation surpassed expectations, reaching 7.2% in 2022, leading to a rapid 5.25 percentage point increase in interest rates by the Fed. Powell acknowledges the need for a reassessment of the current policy as economic conditions have evolved. This potential reevaluation is part of a major review scheduled for 2025.