Economics
Powell Inflation View Backed by Fed Majority in Rate Debate
- Those calling for rate increases next year cite inflation risk
- Top policy makers including Fed Chair Powell play down concern
Jerome Powell
Photographer: Graeme Jennings/Washington Examiner/Bloomberg
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Federal Reserve Chair Jerome Powell has received the public backing of a majority of colleagues for his view that the recent inflation surge will fade, even as some policy makers question that stance and see the need for interest-rate hikes next year.