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Powell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor’s seat warm

New Delhi: Federal Reserve Chair Jerome Powell closed out eight years as head of the U.S. central bank on Wednesday with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the agency’s independence from Trump administration “battering.” Speaking after the end of a two-day policy meeting, Powell said he would “keep a low profile as a governor,” and did […]
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