Economics

Powell Waves Inflation Worries Away as Fed Holds Rates Near Zero

Chair confident price expectations will hold at Fed’s 2% goal
Powell plays down wage pressures from tight labor market

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WATCH: Federal Reserve Chairman Jerome Powell responds to concerns over the central bank's ability to control inflation as the U.S. economic recovery gathers pace. (Source: Bloomberg)

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By Craig Torres, Steve Matthews, and Catarina Saraiva

April 28, 2021 at 10:37 PM UTC

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Jerome Powell had a ready answer to counter criticism that the Federal Reserve is running risks with inflation, as he signaled it will maintain aggressive support as the U.S. recovery gathers speed.

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