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Fed Acknowledges Rate Hikes Will Fuel Unemployment—But Warns Inflation Could Cause ‘Far Greater Economic Pain’

Por: Forbes Business October 13, 2022

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Updated Oct 12, 2022, 02:56pm EDTTopline Ahead of a critical inflation reading, the Federal Reserve on Wednesday indicated it would continue an aggressive interest rate hiking campaign until there was more clear evidence that inflation has come down significantly—though it also acknowledged the uphill battle policymakers are facing to fight spiking prices without plunging the world into a recession. Federal Reserve Board Chairman Jerome Powell... + full article



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