Fed’s Powell says risk of higher inflation has increased -Breaking
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(Reuters) – While higher prices are usually attributed to the pandemic but others are being seen as more general and there is a greater risk of inflation, Federal Reserve Chair Jerome Powell stated Tuesday.
Powell spoke during an appearance before the U.S. Senate Banking Committee. He stated, “Generally speaking, higher prices are due to supply-demand imbalances that can directly be traced back to the Pandemic and the Reopening of Economy.” But it is also true that prices have increased more widely… so I believe the danger of higher inflation has increased.”
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