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Federal Reserve Chairman Jerome Powell speaks about latest interest rate hike | full video
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Federal Reserve Chairman Jerome Powell held a briefing on his outlook for the economy after the Fed raised interest rates by 0.5 percentage point Wednesday. "We are seeing the effects on demand in the most interest-sensitive sectors of the economy such as housing. It will take time, however, for the full effects of monetary restraint to be realized, especially on inflation," Powell said.
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#news #business #interestrates
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