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Powell says his commitment to fight inflation is 'unconditional'

·1 min read
Powell says his commitment to fight inflation is 'unconditional'

Federal Reserve Chairman Jerome Powell said Thursday he has an "unconditional" commitment to fight inflation. Asked about his level of commitment, Powell replied: "It's unconditional...we have a labor market that's sort of unsustainably hot and we are very far from our inflation target." On Wednesday, Krishna Guha, a former Fed staffer now vice-chairman of Evercore ISI, noted that Powell did not use the word "unconditional" in his testimony to the Senate, even though the word was in the Fed's wr