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WATCH: Fed's Powell: Monetary Policy Working as It Should
Source: Bloomberg
Good morning. Powell vows not to hesitate. A cyberattack hits ICBC. Apple risks huge tax bill. Here’s what you need to know today.
Federal Reserve Chair Jerome Powell said the US central bank won’t hesitate to tighten policy further if appropriate and reiterated that the central bank isn’t fully confident it has tightened enough to return inflation to 2%. The central bank will move carefully, he told an audience at the International Monetary Fund in Washington, to avoid the risk of overtightening. Shortly after he began to speak, Powell was ushered from the room as a group of environmental protesters jumped onto the stage with a banner.