Powell Treading Careful Path as Oil Uncertainty Persists

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Powell Treading Careful Path as Oil Uncertainty Persists
Bloomberg
Written by Bloomberg
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Federal Reserve Chair Jerome Powell made it clear the US central bank won't cut interest rates again until inflation starts cooling again. Speaking at a press conference Wednesday, Powell also said it was still too soon to gauge the effects of a surge in oil prices on the US economy. Bloomberg's Mark Cranfield breaks down the situation.

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