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Powell Assures Americans That Fed Will Tackle High Inflation

  • Fed chair says price stability a condition for full employment
  • Powell calls high inflation ‘severe threat’ to goal for jobs
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Powell Says Fed Will Raise Rates More Over Time If Needed
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Federal Reserve Chair Jerome Powell pledged to do what’s necessary to contain an inflation surge and prolong the expansion, while steering clear of fresh details on the path of U.S. monetary policy.