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Jay Powell points to elevated geopolitical tensions posing ‘important risks’ to the global economy
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Fed chair says US central bank intends to ‘hold policy at a restrictive level’ until price pressures abate
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Likelihood of more tightening lessens with US central bank seen to be winning its war on inflation
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Federal Reserve takes a breather on rate rises but signals even more tightening ahead
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Central bank has ‘long way to go’ to tame price pressures, argues Fed chair
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