U.S. equities fell on Friday after the chairman of the Federal Reserve signaled some concern about inflation.The S&P 500 slid 0.1% and the Nasdaq 100 retreated 0.8% as Jerome Powell said the central bank was monitoring price pressures carefully and would adapt accordingly.Global supply-chain constraints and shortages that have led to elevated inflation “are likely to last longer than previously expected, likely well into next year,” Powell said, while adding that “it is still the most likely case” that as those constraints ease.
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