'A long way to go': Fed Chair Jerome Powell says he doesn't see inflation cooling to 2% until about 2025

'A long way to go': Fed Chair Jerome Powell says he doesn't see inflation cooling to 2% until about 2025

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The Federal Reserve’s latest interest rate hike may have brought benchmark borrowing costs to their highest level in over 22 years — but this doesn’t necessarily mean it will be the last. Fed chair Jerome Powell told reporters in Washington on July 26 that he doesn’t see inflation slowing to 2%…

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