Fed's Powell: On track for taper, high inflation could last into next year - NewsBreak

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By Flemming in Business
Updated 2 years ago

(Reuters) - Federal Reserve Chair Jerome Powell said on Friday that the U.S. central bank is "on track" to begin reducing its purchases of assets, and noted that he expects inflation to abate next year as pressures from COVID fade. "Supply constraints and elevated inflation are likely to last longer...

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