Fed’s Powell Affirms Need to Act Strongly to Fight Inflation

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Updated Sept. 8, 2022 2:33 pm ET Federal Reserve Chairman Jerome Powell said the central bank is squarely focused on bringing down high inflation to prevent it from becoming entrenched as it did in the 1970s, firming expectations of a third consecutive 0.75-percentage-point rate rise later this month. “It is very much our view, and my view, that we need to act now forthrightly, strongly, as we...

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