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Federal Reserve interest rate hike draws mixed reactions: Fed committed to a 'high unemployment recession'

Por: Fox Business Business December 15, 2022

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Former Reagan economist Art Laffer reacts to Fed Chair Powell's announcement of rate hikes on 'Kudlow.' Federal Reserve Chairman Jerome Powell announced that the central bank will raise the federal funds rate by 50 basis points Wednesday. His announcement comes off the heels of Tuesday's better than expected , which showed 7.1% inflation in November.  The Fed's interest rate hike was in line with market expectations.... + full article



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