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In a statement, Fed Chair Jerome Powell acknowledged inflation has risen beyond expectations and said broader economic progress, particularly in employment, may “soon” warrant a change in policy, but he doubled down on the asset purchases, saying they “help foster smooth market functioning and accommodative financial conditions.” Powell said no decision has yet been made about a specific timeline, but ...

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  • Business, economics, society 100.00%
    • Labor issues 100.00%

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