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WH Downplays Recession Fears, But Inflation Shows ‘We’re Living In A Complicated Economy’

Posted

July 27, 2022

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Federal Reserve Chair Jerome Powell says people are eating less because their paychecks do not cover their regular groceries. The Fed’s decision to raise interest rates three-quarters of a percent is their latest effort to combat rising inflation.

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WH Downplays Recession Fears, But Inflation Shows ‘We’re Living In A Complicated Economy’ · NBC News · Sentinel