Federal Reserve Chair Jerome Powell addressed the outlook for U.S. monetary policy during remarks on Thursday, saying the central bank "will not hesitate" to resume raising interest rates if it becomes appropriate.
Participating in a policy panel at the 24th Jacques Polak Annual Research Conference in Washington, D.C., Powell acknowledged that U.S. inflation has slowed over the past year but pointed out it remains well above the Fed's 2 percent target.
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