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.
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Fed’s Powell Gets Earful From Small Businesses ‘Blindsided’ By High Prices
(Bloomberg) -- Federal Reserve Chair Jerome Powell got an earful from small-business owners complaining about inflation, high interest rates and problems finding workers during a walking tour in Pennsylvania on Monday.Continue Reading. Read more on Business News by BloombergQuint.
·United States
Read Full ArticleFed’s Powell gets earful about inflation, interest rates during central Pa. visit
Small-business people in York on Monday had a lot to complain about, including grappling personally with inflation, high interest rates, labor shortages and other challenges of the post-pandemic economy.
·Harrisburg, United States
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Leaning Left4Leaning Right1Center12Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 24%
C 71%
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