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Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’

21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...