Fed’s Powell concedes anxiety about higher inflation but resists policy shift4 min read . Updated: 16 Jul 2021, 02:29 PM IST
- Plans to reduce central bank asset purchases remain ‘a ways off,’ Fed chief says
Federal Reserve Chairman Jerome Powell said recent inflation was uncomfortably above the levels the central bank seeks, concluding two days of testimony in which he sounded somewhat less confident about the economic outlook—and the Fed’s policy path—than earlier this year.
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