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Jerome Powell: Interest rates may stay high as inflation progress stalls

The Fed may keep rates at the current, two-decades high level for longer as it assesses incoming economic data, Powell said in his first public remarks since last week's hotter-than-expected inflation report.

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Jerome Powell: Interest rates may stay high as inflation progress stalls
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    Powell: Interest rates may stay high as inflation progress stalls

    Powell: Interest rates may stay high as inflation progress stalls

    Federal Reserve chair Jerome Powell on Tuesday suggested that interest rate cuts won't occur as soon as previously thought, citing a "lack of …

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