Economics

Powell Pressed Again on Inflation, Says Fed Watching Risks

Says bond taper to be discussed at Fed’s upcoming meeting
Federal Reserve chair testifies before Senate banking panel

Fed's Powell Calls Current Inflation 'Unique in History'

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By Rich Miller and Olivia Rockeman

July 15, 2021 at 2:43 PM UTC

Updated on

July 15, 2021 at 5:17 PM UTC

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For a second day, Federal Reserve Chairman Jerome Powell defended the central bank’s stance to keep providing support to the U.S. economy even as inflation runs at uncomfortable levels.