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Federal Reserve Chair Jay Powell

Inflation, still sticky, doesn’t stress Powell yet

The Federal Reserve’s preferred gauge of inflation came in right at economist expectations this morning. Price increases remain stubborn but far below last year’s figures.

The personal consumption expenditures index excluding food and energy grew by 2.8% annually in February, according to data released from the Commerce Department this morning.

But Fed Chair Jay Powell, speaking on stage in San Francisco this morning, continued to stress calm and confidence.

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