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February 25, 2021

Fed chair says no rush to raise interest rates

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached.

Powell also warned that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs.


 
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