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Live Coverage: Fed Chairman Powell Testifies on Monetary Policy and Economy

Federal Reserve Chairman Jerome Powell is back on Capitol Hill to deliver his semiannual monetary policy update, this time testifying before the Senate Banking Committee. Powell indicates that the central bank still backs a quarter point interest rate hike in March against a backdrop of surging inflation in the U.S. and balancing the unpredictability of the Russia-Ukraine war.

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source#Live #Coverage #Fed #Chairman #Powell #Testifies #Monetary #Policy #Economy

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