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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Total News Sources0
Leaning Left4Leaning Right1Center12Last Updated2 months agoBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
65% Center
L 29%
C 65%
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