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Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'

Por: ABC News Business September 21, 2022

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Chief executives at some of the largest U.S. banks sounded the alarm over in testimony before Congress on Wednesday, warning that price hikes would require further borrowing cost increases from the Federal Reserve that will slow the economy and impose widespread financial pain.The testimony from top bank leaders, including J.P. Morgan Chase CEO Jaime Dimon and Citigroup CEO Jane Fraser, arrived hours before the Federal Reserve is its fight... + full article



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