Roundup: Powell says U.S. Fed could raise rates further, but will "proceed carefully"

NEW YORK, Aug. 25 (Xinhua) -- The U.S. Federal Reserve is "prepared to raise rates further" to bring down inflation toward the 2 percent inflation target, but will "proceed carefully," Fed Chair Jerome Powell said on Friday.

Although inflation has moved down from its peak, "it remains too high," Powell said in his keynote speech at an economic symposium in Jackson Hole, Wyoming.