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Fed's Powell Says Case for December Rate Hike Is Coming Together

Fed's Powell Says Case for December Rate Hike Is Coming Together

Brendan Murray

(Bloomberg) -- Federal Reserve chair nominee Jerome Powell said the case for a December interest-rate increase is “coming together” as economic conditions support such a move.

Powell made the remarks Tuesday at a Senate Banking Committee hearing to consider his nomination to succeed Fed Chair Janet Yellen.

©2017 Bloomberg L.P.

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