U.S. stocks edged lower intraday, as Federal Reserve Chairman Jerome Powell conveyed an upbeat picture of the U.S. economy and indicated the central bank remained on track to gradually raise short-term interest rates. But Mr. Powell's comments did little to assuage investors who are concerned that the economy could be growing so fast that it fuels inflation further, potentially forcing the Fed to step in and hasten its pace of interest-rate increases.
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