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Fed Chair Powell Warns Of 'Some Pain' From Higher Interest Rates

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TheNews
, 08-27-2022 at 06:01 PM (188 Views)
      
   
In highly anticipated remarks at the Jackson Hole economic symposium on Friday, Federal Reserve Chair Jerome Powell acknowledged the central bank's efforts to combat inflation will cause "some pain" but argued a failure to restore price stability would mean "far greater pain."

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