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MNI BRIEF: Powell--Committed to Fed's Jobs, Inflation Mandates

Federal Reserve Chair Jerome Powell, during brief remarks following his appointment to a second term at the central bank's helm, said he's committed to both keeping inflation in check and bringing the economy to full employment.

"We know that high inflation takes a toll on families, especially those less able to meet the cost of essentials," Powell said. "We will use our tools both to support the economy and a strong labor market and to prevent inflation from becoming entrenched."

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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