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Tag: Fed’s Powell

Fed’s Powell pledges to combat inflation ‘forcefully,’ but warns of economic pain ahead

Central bank Chairman Jerome Powell on Friday conveyed an obvious message on the condition of the U.S. economy at the yearly national bank gathering in Wyoming: Inflation remains agonizingly high, and cooling it will require strong activity that could before long bring “torment” to families and organizations from one side of the country to the […]

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