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Tag: US inflation

US Federal Reserve Chair Jerome Powell departs after speaking at a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022. – The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on June 15 as it battles against surging inflation. The Fed’s policy-setting Federal Open Market Committee reaffirmed that it remains “strongly committed to returning inflation to its 2 percent objective” and expects to continue to raise the key rate. (Photo by Olivier DOULIERY / AFP)

Is recession the only way out of US inflation scourge?

by AFP

US Federal Reserve Chair Jerome Powell departs after speaking at a news conference on interest rates, the economy and monetary ...

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