Federal Reserve Chairman Jerome Powell has reiterated the goal of achieving a 2% inflation rate, although it has yet to be reached, leading to skepticism from JPMorgan Chase CEO Jamie Dimon regarding the feasibility of this target. Dimon highlighted various uncertainties affecting the economy, including geopolitical factors and spending deficits, suggesting that inflation may not return to the 2% goal. Meanwhile, Powell indicated a possibility of reducing interest rates in September if inflation continues to decline, but acknowledged no immediate changes would occur before then. In contrast, Rep. Ritchie Torres has urged the Fed to cut rates immediately to prevent a recession, citing a slowdown in job growth and rising unemployment. The Bank of Japan is also considering gradual interest rate hikes, aligning with its economic outlook and inflation targets. The current economic landscape reflects a complex interplay of inflation control and employment concerns across global markets.