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Powell Heads to Capitol Hill as Market Churns on Dot Shock

  • Fed chair will testify to House panel at 2 p.m. on Tuesday
  • Inflation concerns weighed against Fed’s new policy approach
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Dalio Says Fed Can't Tighten Without 'Big Negative Effect'
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Federal Reserve Chair Jerome Powell is under pressure from investors to square the central bank’s new inflation concerns with its 10-month-old commitment to seek broad and inclusive gains in the labor market.