Federal Reserve Chairman Jerome Powell conceded that the Federal Reserve's aggressive interest rate hikes won't solve two of the biggest problems facing families: high prices for gas and groceries.
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The Massachusetts Democrat urged Powell to proceed cautiously with further rate hikes and avoid setting off a recession
The Massachusetts Democrat urged Powell to proceed cautiously with further rate hikes and avoid setting off a recession
Federal Reserve Chairman Jerome Powell conceded that the Federal Reserve's aggressive interest rate hikes won't solve two of the biggest problems facing families: high prices for gas and groceries.
