He did not specify how many additional rate hikes he envisioned. But at a news conference last week, Powell had suggested that he envisioned “a couple” more.
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that last week's blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a"significant decline" in inflation this year.
While inflation pressures are easing, the Fed chair cautioned that"these are the very early stages of disinflation. It has a long way to go."
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