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Buckle up, America: The Fed plans to sharply boost unemployment

Por: CBS News Politics September 26, 2022

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In case the U.S. economy wasn't hurting enough already, the Federal Reserve has a message for Americans: It's about to get much more painful.Fed Chair Jerome Powell made that amply clear last week when the central bank projected its benchmark rate hitting 4.4% by the end of the year — even if it causes a recession.  There will very likely be some softening of labor market conditions, Powell  economic outlook. We will keep at it... + full article



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