• The Fed just confirmed that its self-induced ‘growth recession' could put more than a million Americans out of work

    11 days ago - By Business Insider

    Federal Reserve Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington, Wednesday, March 21, 2018. AP/Carolyn Kaster
    New projections from the Federal Reserve show unemployment climbing to 4.4% in 2023.
    If proven correct, that would mean around 1.5 million more Americans would go unemployed by the end of next year.
    The inflation fight will be painful, but letting prices surge would bring "far greater pain," Fed Chair Powell said.
    The Federal Reserve has already warned the fight against inflation will be a painful one. New...
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