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>Fed Chair Powell, Asked If Inflation Will Prove More Persistent, Says Fed Doesn't Know Yet; Firms Still Report Labor Shortages; Restrictive Policy May Take Longer Than Expected To Do Its Work, Bring Inflation Down; We Will Get Inflation Down To 2%
>Fed Chair Powell Says It's A Question Of Keeping Policy At The Current Rate For Longer; The Policy Rate Is Restrictive; Time Will Tell If We Are Sufficiently Restrictive On Policy; Don't Think It's Likely That The Next Move Would Be A Rate Hike
