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Fed’s Powell to tamp down taper talk on Hill, stick with transitory inflation

Fed's Powell to tamp down taper talk on Hill, stick with transitory inflation

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The U.S. job market “is still a ways off” from the progress the Federal Reserve wants to see before reducing its support for the economy, while current high inflation will ease “in coming months,” Fed Chair Jerome Powell said in remarks prepared for delivery at a congressional hearing on Wednesday.

...read full article on Reuters

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