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Powell Says Inflation Is Above the Target of Fed and Seems to Continue to Increase Gradually – Young Pan
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The President of the Federal Reserve (Fed), Jerome Powell, said on this Wednesday (14) that the inflation “continued on top of the target” of the U.S. institution and “it seems to continue to increase gradually” through the impact of tariffs and the deterioration of the labour market. In the event, he warned that “it is likely that the slow rate change of tariffs will start to look like a persistent inflation”, which will require it in the condu…
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