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Transcript: Fed Chief Powell’s Postmeeting Press Conference
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wsj.comFederal Reserve Chairman Jerome Powell discussed why the central bank decided to keep interest rates on hold at a 22-year high during a press conference on Wednesday after its policy meeting. Powell said the Fed could afford to pause its rate-raising campaign to gauge how it is working, but stressed that bringing inflation sustainably down to 2% will take time and that the central bank is prepared to raise rates further.
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