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Fed’s Powell to America: Brace yourself for more pain ahead

Por: Politico Business September 24, 2022

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The Federal Reserve on Wednesday pulled the trigger on another supersized interest rate hike and signaled further large increases are in store. The moves are designed to kill the worst inflation in 40 years. They’re also likely to kill U.S. economic growth. That was the grim message that Fed Chair Jerome Powell delivered to the nation after central bank policymakers . They project that the economy will barely expand this year — at a meager... + full article



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