Powell: Federal Reserve Keeps Interest Rate Level, Expects Another 25-Point Hike by Year-End

Sep 20th 2023 3:29pm EDT

The US has continued to struggle with taming the economic chaos produced by the COVID-19 pandemic, which saw the central bank tolerate high inflation over fears of disrupting a precarious economic recovery. The shutdowns of 2020 threw 20 million Americans out of work.

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