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Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Jerome Powell, chairman of the U.S. Federal Reserve, arrives for a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 15, 2021.

Al Drago | Bloomberg | Getty Images

Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level.

“If that involves moving past broadly understood levels of neutral we…


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