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News Wrap: Federal Reserve chair expects interest rates to rise this month

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In our news wrap Wednesday, Federal Reserve Chair Jerome Powell has confirmed he expects to start raising interest rates this month and said he supports a traditional quarter-point increase, the White House rolled out a new COVID preparedness plan, thousands of people were ordered to evacuate in Australia amid record flooding, and Texas voters created marquee election contests in the primaries.

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Category
U.S. & Canada
Tags
Jerome Powell, federal reserve, inflation
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