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New Omicron Variant Exacerbates Inflation Uncertainty, Powell Says
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The new Omicron coronavirus variant risks intensifying supply-chain disruptions that have fueled a surge in inflation this year, Federal Reserve Chairman Jerome Powell said in testimony released Monday afternoon.
Mr. Powell is set to appear before the Senate Banking Committee alongside Treasury Secretary Janet Yellen on Tuesday morning.
Read more on wsj.comAbout this in other media
Global Central Banks Diverge as Omicron Clouds Growth, Inflation Outlook wsj.com /2 years ago
Why it’s time to move on from ‘transitory’ inflation fnlondon.com /2 years ago
COVID: Omicron variant linked to increased risk of reinfection, claims study euronews.com /2 years ago
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