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The Federal Reserve may act sooner than planned to start dialing back low-interest rate policies

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The inflation spike is likely temporary, but a Fed hike could come sooner than previously expected

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Escalating inflation has intensified pressure on the central bank

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The central bank can help assess risks, but Fed chair Jerome Powell said the private sector, elected officials must take the lead

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The quickening pace of growth has raised fears among some analysts that inflation could rise uncomfortably quickly

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

There are risks and benefits to digital currencies, the Fed chair said

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Continued support from the Fed will be required

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The requirements were relaxed as part of the Fed's efforts to shore up the financial system

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A robust recovery later this year could accelerate inflation and send long-term rates surging

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New administration making global warming fight a priority