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Fed's Powell cites top barrier to taming inflation — workers' wages

Por: Politico Business November 30, 2022

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Federal Reserve Chair Jerome Powell on Wednesday said the biggest remaining barrier to taming inflation is the shortage of workers, which is giving Americans greater clout to seek higher pay. Powell also again signaled that the Fed will begin raising interest rates in smaller increments, but underscored that significantly higher borrowing costs still lie ahead. In a closely watched speech at the Brookings Institution, the Fed chief said rising... + full article



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