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Breaking News: The Fed chair said the central bank would continue to forcefully combat inflation and acknowledged that rising rates would be painful.

 
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BREAKING NEWS

The Fed chair said the central bank would continue to forcefully combat inflation and acknowledged that rising rates would be painful.

Friday, August 26, 2022 10:05 AM ET

Jerome Powell, who was speaking at the Federal Reserve Bank of Kansas City's annual conference near Jackson, Wyo., used his most closely watched speech of the year to underline both the Fed's dedication to bringing inflation back under control and to emphasize that its policy moves so far are not enough to achieve that goal — more will need to be done to beat back rapid price increases.

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