Fed’s Powell says commitment to curbing inflation is ‘unconditional’
The Federal Reserve’s commitment to reining in 40-year-high inflation is “unconditional” but also comes with the risk of higher unemployment, U.S. central bank chief Jerome Powell said on Thursday. “It’s unconditional,” Powell told the U.S. House of Representatives Financial Services Committee when asked about the Fed‘s commitment to fight inflation that, by the central bank’s …
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