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.
Provided by Dow Jones
Jul 15, 2021 3:15 AM UTC
GLOBAL MARKETS
DJIA 34933.23 44.44 0.13%
Nasdaq 14644.95 -32.70 -0.22%
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US STOCKS U.S. stocks edged higher 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. All three major indexes were higher in mid-afternoon trading, after wobbling between small gains and