Fed chief Jerome Powell to warn Congress inflation is elevated but likely to moderate

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Inflation is likely to stay high in the coming months before moderating, Federal Reserve Chairman Jerome Powell is set to tell Congress at a hearing on Tuesday morning. In testimony released by the central bank on Monday, Powell largely repeated remarks he made at a news conference last week after the central bank indicated it was likely to begin reversing its easy-money policies at its next meeting, Nov. 2-3. Source link
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