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US Fed's Powell seeks to curb inflation

US Federal Reserve Chair Jerome Powell on Tuesday sought to reassure lawmakers and investors that the central bank can pull off the tricky task of bringing down four-decade-high inflation without damaging the US economy. In a two-and-a-half hour congressional confirmation hearing, Powell said that the Fed was on course to begin raising interest rates from near zero and reducing its US$8.8 trillion balance sheet. However, he portrayed those steps as a move away from an ultra-expansionary emergenc...
United States Jim Osullivan Derek Tang Lawrence Summers Harvard University Us Senate Banking Committee

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