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Federal Reserve chairman tells Congress US economy 'remains strong'

12:08 AM
  • Jerome Powell indicates gradual increase in interest rates this year
  • New chairman avoids controversy in first congressional testimony

The US economy “remains strong”, the Federal Reserve chairman, Jerome Powell, told Congress on Tuesday as he signaled the central bank is on course to carry on gradually increasing interest rates in the coming months.

Related: US Fed chair's biggest problem will be staying out of Trump's shadow | Kenneth Rogoff

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from US news | The Guardian http://ift.tt/2FalkzC

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