WASHINGTON, July 17, 2018 - U.S. Federal Reserve Chairman Jerome Powell (front) testifies before the Senate Banking Committee, on Capitol Hill in Washington D.C., the United States, on July 17, 2018. Jerome Powell said on Tuesday that for now, the best way forward for the central bank is to keep gradually raising the federal funds rate.

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U.S. Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee, on Capitol Hill in Washington D.C., the United States, on July 17, 2018.

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