Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’
Jerome Powell, chairman of the U.S. Federal Reserve. (Photographer: Andrew Harrer/Bloomberg)

Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’

(Bloomberg) -- Federal Reserve Chairman Jerome Powell said the central bank will continue to gradually raise interest rates “for now’’ to keep inflation near target amid a strong U.S. labor market.
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