The dollar's steepest slump in over a decade is stalling as the Fed stands ready to push ahead with interest-rate increases

• The dollar's steepest slump in more than a decade is stalling after Fed Chair Jerome Powell warned of further interest rate hikes. 
• Following the Fed's February 1 meeting, the greenback has rebounded by more than 2% from a 21-month low.
• Despite inflation cooling, a strong January jobs report suggests the Fed could stay hawkish for longer, providing support to the dollar. 

The dollar's steepest slump in more than a decade is stalling after Federal Reserve Chairman Jerome Powell warned interest rates will likely continue to rise even as inflation cools.