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The Fed’s Powell is risking a recession to crush inflation. A lot of Democrats are ok with that.

Por: Politico Business October 11, 2022

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Federal Reserve Chairman Jerome Powell is slamming the brakes on the U.S. economy harder than any Fed chief in more than 40 years to kill raging inflation. Yet, while a recent survey shows Americans are evenly divided over his efforts, there’s been little public criticism among Democrats in Congress — even though they’re the ones most likely to pay a political price if soaring interest rates send the economy into a recession. In interviews... + full article



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