US inflation could stay high amid supply, hiring bottlenecks: Fed’s Powell | AFP

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US inflation could stay high amid supply, hiring bottlenecks: Fed's Powell | AFP

Supply bottlenecks and a shortage of workers could put pressure on US prices for longer than expected, Federal Reserve Chair Jerome Powell says. "As the reopening continues, bottlenecks, hiring difficulties and other constraints can prove to be greater and longer-lasting than anticipated," Powell tells reporters following the central bank’s two-day policy meeting. SOUNDBITE

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