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Jerome Powell Says the Fed is Prepared To Raise Rates To Tame Inflation
Jerome H. Powell, the Federal Reserve chair, told lawmakers on Tuesday that a rapidly healing economy no longer needed as much help from the central bank and that keeping inflation in check -- including by raising interest rates -- would be critical for enabling a stable expansion that benefits workers. From a report: Mr. Powell, ... ⌘ Read more
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inflation benefits the debtor at the expense of the creditor. The real danger is deflation.