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The Fed chair has a tricky message to communicate. Jerome Powell's testimony to Congress later on Wednesday will flesh out how the Federal Reserve chief rationalises last week's pause in its 15-month rate hike campaign - even though the central bank insists on further tightening ahead. Powell's colleagues on Tuesday stressed again they would stay the course until inflation is back to its 2% target.
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A look at the day ahead in U.S. and global markets from Mike Dolan
A look at the day ahead in U.S. and global markets from Mike Dolan The Fed chair has a tricky message to communicate. Jerome Powell's testimony to Congress later on Wednesday will flesh out how the Federal Reserv...
WASHINGTON (Reuters) - U.S. President Joe Biden has tapped Federal Reserve Governor Philip Jefferson as the next vice chair, Bloomberg reported on Wednesday, citing people familiar with the matter. | 07:20pm
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