🌏 | Fed strongly committed to price restraint "No significant pain" = Chairman Powell


Powell says Fed strongly committed to curbing inflation 'no major pain'

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Inflation isn't going to go down in a straight line, said Oliver Pace, senior vice president at Wealthspire Advisors in New York. "It's very likely that we will be able to do that, which is important," he said, adding that "the economy and labor market are well positioned to absorb a 0.75 percentage point rate hike."

WASHINGTON (Reuters) - Federal Reserve Chairman Jerome Powell will be speaking at the Cato Institute on Thursday... → Continue reading


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