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VERBATIM: Fed to move gradually as economy picks up

12:03pm EST - 00:44

New Federal Reserve Chairman Jerome Powell told lawmakers he personally believed the economy has strengthened since December but that won't stop the Fed from sticking to its plan for gradual interest rate hikes.

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New Federal Reserve Chairman Jerome Powell told lawmakers he personally believed the economy has strengthened since December but that won't stop the Fed from sticking to its plan for gradual interest rate hikes.

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VERBATIM: Fed to move gradually as economy picks up

12:03pm EST - 00:44