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Chair Powell Q&A Begins

FED
  • Q: Do the new projections mean more tolerance for higher inflation and less of a slowing in the economy?
  • A: It doesn't mean that. We did mark up our growth forecast, so the economy is performing well. The inflation data came in a little bit higher as a separate matter, and I think that caused people to mark up their inflation projections. But nonetheless, we continue to make good progress.

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