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Powell expects more rate hikes with inflation pressures still running ‘high’

Por: The Hill Politics June 22, 2023

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Federal Reserve Chairman Jerome Powell said Wednesday that more interest rate hikes are likely to come as the central bank works to tamp down inflation pressures, which he said “continue to run high.” “Nearly all” participants in the Federal Open Market Committee (FOMC) “expect that it will be appropriate to raise interest rates somewhat further by the end of the year,” Powell said in a Wednesday hearing to be held by the House... + full article



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