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Federal Reserve Chairman Jerome Powell said he sees no signs the U.S. economy is overheating and reiterated the central bank will continue to raise rates gradually to keep unemployment and inflation in balance.Powell also said he doesn't see a tightening labor market causing wages to hit "a point of acceleration".Powell, 65, gave his first congressional testimony as chairman this week.A jobless rate of 4.1 percent is its lowest since 2000 and below what Fed officials view as its long-term sustainable level.Filings for unemployment also dropped last week to the lowest level in almost five decades, providing more evidence of a tightening U.S. labor market.
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