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Fed sings the 'transitory' inflation refrain, unveils bond-buying 'taper'

The Federal Reserve threw its weight back behind the drive for a full U.S. jobs recovery on Wednesday, restating its belief that current high inflation is "expected to be transitory" and, despite risks to that view, arguing that price pressures will ease and pave the way for stronger employment and economic growth in the months to come.
New York United States Jerome Powell Paul Simao Joseph Lavorgna Jonnelle Marte

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