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Fed's Powell gets an earful about inflation and interest rates from small businesses
Small-Business owners expressed concerns about inflation, high interest rates, labor shortages, and other challenges of the post-pandemic economy during a meeting with Chair Jerome Powell.
The Federal Reserve is monitoring the economy to assess the impact of rate increases on inflation.
The Fed plans to keep its benchmark rate higher for longer and expects to raise it once more this year, aiming for price stability and sustained labor market conditions.