Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

📆 3/24/2024 4:31 PM
📰 BNNBloomberg

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As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the central bank is signaling a willingness to cut rates to head off a job-cutting spiral – even if that means somewhat higher inflation for a while.

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