Global Economic News

Powell: Economy Has Shown Sustained Improvement, Increase In Inflation 'Transitory'

Federal Reserve Chair Jerome Powell is scheduled to appear before the House Select Subcommittee on the Coronavirus Crisis later Tuesday to discuss the central bank's response to the pandemic.

In prepared remarks, Powell noted the economy has shown sustained improvement since he last appeared before the committee, citing widespread Covid-19 vaccinations as well as unprecedented monetary and fiscal policy actions.

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by RTTNews Staff Writer

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