Federal Reserve Chair Jerome Powell has warned that the continued resilience of the US economy could require further interest rate increases, speaking in a closely watched speech that also highlighted the uncertain nature of the economic outlook.Powell noted in his speech on Friday in Jackson Hole, Wyoming that the economy has been growing faster than expected and that consumers have kept spending briskly - trends that could keep inflation pressures high. He also reiterated the Fed's determination to keep its key rate elevated until annual price increases are reduced to the central bank's 2 percent target.
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