On August 28, Federal Reserve Chairman Walsh warned that inflation has not shown meaningful signs of slowing and stated that policymakers must be confident that inflation is moving in the right direction; otherwise, the central bank "has work to do." Walsh reiterated that the Fed aims to bring the inflation rate back to its 2% target, describing it as a clear and fixed goal. He said, "My standard is that we must be certain that underlying inflation is moving towards our target, and the pace must be sufficiently clear and fast. Otherwise, we have work to do. That is our responsibility." Walsh also noted that current financial conditions are not restrictive, and interest rates are the "primary tool" for the Fed to fulfill its responsibilities.