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Federal Reserve Chairman Jerome Powell is slated to talk Monday at the Nationwide Affiliation for Enterprise Economics annual conference in Washington, D.C.
His remarks come lower than per week after the Fed’s first price hike in additional than three years. The Fed additionally signaled final week that it expects to boost charges at its remaining six conferences this 12 months.
The central financial institution additionally raised its outlook on U.S. inflation for 2022, and trimmed its financial development forecast as properly.
“Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures,” the Fed stated in an announcement.
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