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Powell: Fed hikes will likely boost unemployment

Por: The Hill Politics September 24, 2022

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Federal Reserve Chair Jerome Powell said Wednesday he expects the U.S. economy to slow under the weight of the central bank’s interest rate hikes to a point that could cause job losses. Speaking after the Fed issued another rate hike, Powell said the U.S. may be able to avert a full-blown recession but could not avoid hardship as the bank ramps up its fight against inflation. , the fifth rate hike this year and third 75 basis point hike in... + full article



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