and powell's comments foreshadow rate hikes when the fed meets later this month. and on inflation watch, gas prices road to $3.45 a gallon. and want to bring in the federal reserve and economy reporter for the "new york times." and gina, i want you to listen to a thelittle part of powell's testimony. >> the latest economic data have come in stronger than expected which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. if totality of the data were to k indicate that faster tightening is warranted, we'd be prepared to increase the rate. >> and fed chief higher for longer, that is the takeaway for interest rates. >> yeah, definitely. and i think that also the takeaway and really surprised markets is that it might not just be higher but it also might

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