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Fed’s Jerome Powell to Head to the House With Interest Rates in Focus

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Federal Reserve Chairman Jerome Powell is set to return to Capitol Hill on Thursday morning for the second of two days of testimony, this time before the House Financial Services Committee.Before a Senate panel on Wednesday, Mr.

Powell said the central bank’s battle against inflation could lead it to raise interest rates high enough to cause a recession. “It’s not our intended outcome at all, but it’s certainly a possibility,” Mr.

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