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Fed Chair Jerome Powell Warns of More Interest Rate Hikes
Published : 08-03-2023 - Duration : 00:37 - View : 2
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Federal Reserve Chairman Jerome Powell warned that interest rates might rise by another half-point this month at a hearing on Capital Hill. He stated that high consumer spending and a hot jobs report in January might keep Fed officials on their course of cooling inflation. The central bank raised the benchmark federal funds rate by a quarter point ...
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