WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates. But on Wednesday, Powell suggested that his patience has run out. High inflation has not only persisted but accelerated to a nearly four-decade high. Average wages are rising. Hiring is solid, and unemployment is falling. All those trends, Powell said a
— Read on ca.finance.yahoo.com/news/why-fed-feels-now-time-050251677.html
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