Fed Chair Powell Testifies Before Senate Banking Committee
Senator John Kennedy, a Republican from Louisiana, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, June 22, 2023. The Federal Reserve chair yesterday said policymakers expect interest rates will need to move higher to reduce US growth and contain price pressures, even though they held rates steady at their meeting last week Photographer: Nathan Howard/Bloomberg via Getty Images

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