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Benzinga
Benzinga
Business
Adam Eckert

Jerome Powell Tells Congress The Fed Is 'Moving Expeditiously' To Fight Inflation

Jerome Powell Inflation US Federal Reserve Monetary Policy Senate Banking Committee

Federal Reserve Chair Jerome Powell rehashed the central bank's desire to cool down inflation on Wednesday as part of a congressionally mandated semiannual report on monetary policy.

What To Know: Powell testified Wednesday in front of the Senate Banking Committee, reiterating the Fed's stance on inflation. 

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