'Pulling US inflation back to 2% to take time'

WASHINGTON, D.C.: The Federal Reserve (Fed) is committed to bringing soaring inflation in the United States back down to 2 percent, but that would take "a few years," a top US central banker said on Tuesday (Wednesday in Manila).

The Fed this year has moved aggressively to raise interest rates to try to rein in price surges that have hit American families, and central bankers, notably Fed Chairman Jerome Powell, have doused hopes they would alter course anytime soon.