Fed Chair Powell says he would want to see persistent rise in inflation before hiking rates again

Fed Chair Powell says he would want to see persistent rise in inflation before hiking rates again

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019.
Andrew Harrer | Bloomberg | Getty Images

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Federal Reserve Chairman Jerome Powell said on Wednesday that he’d prefer to let inflation rise and hold above…

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