Fed predicts inflation of 4.2 percent this year, 2.2 percent in 2022 | AFP

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Fed predicts inflation of 4.2 percent this year, 2.2 percent in 2022 | AFP

The chair of the US Federal Reserve, Jerome Powell, predicts an annual inflation rate of 4.2 percent in 2021, up from the 3.4 percent forecast in June, dropping to 2.2 percent in 2022. SOUNDBITE

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