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Investors shocked that Jerome Powell does exactly what he says

By Tiana Lowe Doescher
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Investors shocked that Jerome Powell does exactly what he says

Since last month, I have repeatedly warned that the Federal Reserve was being pressed by circumstances to accelerate its rate hike campaign and pass a 50 basis point hike during the upcoming Federal Open Market Committee meeting. At Tuesday’s Senate Banking Committee hearing, Fed Chairman Jerome Powell seemed to agree with me.

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Inflation Jerome Powell