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Inflation Accelerates Again in June as Economic Recovery Continues
By Gwynn Guilford
Biden to reappoint Jerome Powell as Fed chair, say economists
By Howard Schneider & Shrutee Sarkar
Federal Reserve Chair Testifies Before Congress
By Jeanna Smialek
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Formerly TwitterHeather Long
byHeatherLong
Fed Chair Powell summary today:
1) A rate hike is very unlikely
2) His base case is to cut rates later this year, but it’s not a given
3) No sign of stagflation
4) 3% inflation is not acceptable
#Fed #economy pic.twitter.com/s6UwoWoSuz
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Heather Long
byHeatherLong
“I don’t see the stag or the ‘flation” - Fed Chair Powell sees no signs of stagflation
He expresses surprise people are talking about it right now with strong growth and inflation at 3% pic.twitter.com/KqqlZOwXFT
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Mohamed A. El-Erian
elerianm
As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and context may end up being appropriate...though not for the reasons he put forward.
www.ft.com/content/aa8c68f7-9dad-465f-ab92-c64c38337a84
#economy @FT #markets #inflation
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Mohamed A. El-Erian
elerianm
Asked about the level of inflation, Federal Reserve Chair Powell responds "3% cannot be in a sentence with satisfactory."
What if 3% turns out to be closer to the equilibrium inflation rate for a US economy (i) going through major structural changes, several of which are…
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All coverage
Why the Fed hates cryptocurrencies and especially stablecoins
By MacKenzie Sigalos
Inflation rises 5.4 percent in June as Federal Reserve, questions mount over how long it lasts
By Rachel Siegel
Fed Chairman Suggests That Bitcoin Could Become Obsolete If U.S. Digital Currency Existed
By Anthony Tellez
Fed Chair Jerome Powell Says 'You Wouldn't Need Cryptocurrencies if You Had a Digital US Currency' – Regulation ...
By Kevin Helms
Fed's Powell keeps to script on jobs recovery, feels heat on inflation front
By Lindsay Dunsmuir & Howard Schneider