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[CNA] Fed ready to raise interest rates to tackle inflation

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[/ATTACH][BR] The US Federal Reserve is ready to raise interest rates in larger steps than the 0.25% announced last week if necessary to curb "very high" inflation, Federal Reserve Chairman Jerome Powell announced on Monday.

Prices in the world's largest economy have soared to their highest point in four decades, and the Fed last week raised its key lending rate for the first time since the coronavirus pandemic began, trying to reduce inflationary pressures. [BR][BR]"If we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so," he said in a speech at an economic conference.
(CNA)

CNA - French News Agency
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