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Provided by Dow Jones Stocks Up Slightly After Powell Speaks to Congress U.S. stocks edged higher Wednesday after Federal Reserve Chairman Jerome Powell told members of Congress that inflation will moderate and that the central bank plans to maintain its current monetary policies. Powell Says Fed Still Expects Inflation to Ease Federal Reserve Chairman Jerome Powell said the central bank wouldn t hesitate to raise interest rates to keep inflation under control but repeatedly emphasized he still expects price pressures to ease later this year. Businesses See Above-Average Price Increases, Worry About Lingering Inflation, Fed Beige Book Says The central bank also says the economic recovery further strengthened headed into the summer.

White houseDistrict of columbiaUnited statesJerome powellSenate democratsEuropean unionDow jones company incFederal reserveCompromise withu ae over oil productionStocks up slightly after powell speaksFederal reserve chairman jerome powellSays fed still expects inflationReserve chairman jerome powellAbove average price increasesWorry about lingering inflationFed beige book says