Breaking: Fed’s Powell says restoring price stability to require a restrictive policy stance for ‘some time’
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US Federal Reserve (Fed) President Jerome Powell is delivering opening remarks and speaking about the policy outlook at the central bank’s annual Jackson Hole Economic Symposium, in Wyoming.
In an immediate reaction to Powell’s comments, the US dollar index was largely unchanged, keeping its range near-daily lows of 107.71. The gauge is shedding 0.62% on the day.
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