For a second day, Federal Reserve Chairman Jerome Powell defended the central bank’s stance to keep providing support to the US economy even as inflation runs at uncomfortable levels....
On Wednesday, he was peppered with questions about surging prices from lawmakers serving on the House Financial Services Committee. Consumer prices soared in June by the most since 2008 and were up 5.4 per cent from the same month last year....
Powell’s remarks before Congress are his last semi-annual testimon
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2021-07-16 00:00:00.0