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The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

By Economic Times - 3 months ago
Federal Reserve Chair Jerome Powell has suggested that the inflation surge over the past three years has been nearly defeated, thanks to high interest rates that managed this without triggering a recession or high unemployment. However, many Americans remain dissatisfied with the Biden-Harris administration's economic record due to still-elevated prices of essentials like food, gas, and housing.

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