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Fed’s Powell: Prospect of U.S. soft landing remains alive
Feb 1 (Reuters) – Federal Reserve Chair Jerome Powell mentioned on Wednesday that his hopes for an financial comfortable touchdown, regardless of very aggressive rate of interest rises, stay alive.
“I proceed to assume there’s a path to getting inflation again to 2% with no vital financial decline or vital improve in unemployment,” Powell mentioned in his press convention following the Fed’s coverage determination.
Reporting by Michael S. Derby; Modifying by Leslie Adler
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