Photo: Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following an FOMC meeting in Washington, D.C., on March 22, 2023. Photographer: Al Drago/Bloomberg Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following an FOMC meeting in Washington, D.C., on March 22, 2023. Photographer: Al Drago/Bloomberg

Less than two weeks after the second-biggest bank failure in U.S. history, Federal Reserve Chair Jerome Powell made clear that inflation remains policymakers' top concern.

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