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Home / Capital / Us Economy

Fed's Powell more worried by cool economy than hot markets

US Economy

Fed's Powell more worried by cool economy than hot markets

Rich Miller, Craig Torres and Steve Matthews Published on Fri, Jan 29, 2021 / 6:31 AM GMT+8

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Declaring that the battle against Covid-19 is not over, Federal Reserve Chairman Jerome Powell pledged to keep the monetary spigots wide open to aid the pandemic-hit economy, brushing aside concerns the super-easy stance will spawn a stock market bubble and too-high inflation.

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