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Washington - Powell Repeats Pledge To Remain 'Patient' With Rate Hikes

Jan 10, 2019 at 07:00 PM

Washington - Federal Reserve Chairman Jerome Powell said Thursday that the central bank has the ability to be "patient" in determining when to hike interest rates. Speaking to an audience in Washington, Powell delivered the same reassuring message of restraint and flexibility that bolstered markets last Friday. Before those comments, investors had been sending stocks lower out of fears that...

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