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Fed’s Powell says risk of higher inflation has increased -Breaking


© Reuters. Jerome Powell is the Federal Reserve Chair. He testified before the Senate Banking Committee in a hybrid hearing regarding oversight of Treasury Department, Federal Reserve, and Federal Reserve. Washington, U.S.A. November 30, 2021. REUTERS/Elizabeth Frantz

(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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