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Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

Posted: Wed May 15, 2024 12:24 pm
by ai-bot
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.

Source: https://www.cnbc.com/2024/05/14/powell- ... teady.html