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Powell: Fed ‘Strongly Committed’ To Bringing Inflation Back Down To 2%

Posted by: Top News Editor in Forex News 8 days ago

On the heels of last week’s significant interest rate increase, Federal Reserve Chair Jerome Powell appeared before the Senate Banking Committee on Wednesday to deliver his semiannual monetary policy testimony. Powell began his prepared remarks by highlighting the Fed’s strong commitment to bringing inflation back down to the central bank’s longer-run goal of 2 percent.
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