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Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce Inflation
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Federal Reserve Chairman Jerome Powell said the central bank is prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concludes such steps are warranted to bring inflation down.
“We will take the necessary steps to ensure a return to price stability,” Mr. Powell said Monday in remarks prepared for delivery at an economics conference in Washington, D.C.
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