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Powell Contradicts Biden on Inflation: 'Running Too High' Rather Than 'Hardly at All'

In his much-anticipated remarks on the economy following the Fed’s policy meeting that saw another jumbo interest rate hike to tame soaring prices, Federal Reserve Chair Jerome Powell said inflation was “running too high,” contradicting President Joe Biden’s recent assertion that prices had risen “just an inch, hardly at all.”
Posted: 2022-09-22 08:18:50.000000

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