‘Ongoing rate increases will be appropriate’


WASHINGTON

Federal Reserve Chair Jerome Powell said Wednesday that ongoing rate increases will be appropriate to bring down inflation in the US. 

“Over coming months, we will be looking for compelling evidence that inflation is moving down, consistent with inflation returning to 2%,” Powell told the Senate Banking Committee on monetary policy. “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the…



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