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Why is the Powerball prize at a record? Thank Fed Chairman Jerome Powell

Por: CNN Business November 05, 2022

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New York CNN Business  —  One of the reasons for the for the Powerball drawing Saturday night is something you wouldn’t expect – the recent run of steep from the Federal Reserve. That’s because the size of the advertised $1.6 billion top prize is the amount winners would get, which involves taking 30 equal payments of about $53 million spread out over the next 29 years. Those payments come from an annuity purchased by the lottery... + full article



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