Fed Paves Way for Low-Rate Era With Inflation Able to Run Higher
Jerome Powell, chairman of the U.S. Federal Reserve, listens during a Fed Listens event on “Perspectives on Maximum Employment and Price Stability” at the Federal Reserve in Washington, D.C., U.S.(Photographer: Zach Gibson/Bloomberg)

Fed Paves Way for Low-Rate Era With Inflation Able to Run Higher

(Bloomberg) -- Federal Reserve Chair Jerome Powell unveiled a new approach to setting U.S. monetary policy, letting inflation and employment run higher in a shift that will likely keep interest rat...
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