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Published 1 year ago

Here's what keeps Jerome Powell up at night and interest rates high

Summary by Ground News
The US economy added 517,000 jobs in January, blowing economists' expectations out of the water. The labor market imbalance is a reflection of the pandemic's lasting effect on the US economy and on labor supply. Service-sector inflation is up 7.5% from the year prior through the end of 2022, and has not abated.

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