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US Fed 'prepared to raise rates further' on too-high inflation: Jerome Powell
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US Federal Reserve is prepared to raise interest rates higher — and hold them there — in order to bring down elevated inflation, chairman Jerome Powell said Friday.
«We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective,» he told a central banking conference in Wyoming, according to prepared remarks.
Further details awaited
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