Powell Says Inflation Has Eased, But Is Elevated Relative to Fed's Goal
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Powell Says Inflation Has Eased, But Is Elevated Relative to Fed's Goal
Inflation remains "somewhat elevated" relative to the Fed's 2% goal, says Federal Reserve Chair Jerome Powell. He speaks during a news conference in Washington after the Fed's policy-setting Federal Open Market Committee decided to lower the benchmark interest rate by a quarter percentage point.
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