TREASURIES-Yields rise as Fed’s Powell suggests rates to remain higher

Powell's remarks at the Fed's annual symposium at Jackson Hole, Wyoming, balanced an outlook based on declines in the pace of price increases over the past year with the surprisingly strong resilience of the U.S. economy. Powell said inflation remains too high and that the Fed is prepared to hold monetary policy at a restrictive level until policymakers are confident the pace of rising prices is on a sustainable path "toward our objective."