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Fed Chair Powell: expect price rises this year, but not inflation

Fed Chair Powell: expect price rises this year, but not inflation

(Reuters) - Federal Reserve Chair Jerome Powell said Thursday that a surge in spending as the U.S. economy reopens, along with bottlenecks in supply, will likely push prices higher this year, but would not result in the kind of year after year price rises that would constitute inflation. "We think...

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Federal Reserve International Monetary Fund Jerome Powell Powell Reuters

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