Fed uncertain of direction of economy as Wall Street meltdown deepens

Fed uncertain of direction of economy as Wall Street meltdown deepens

Federal Reserve Chairman Jerome H. Powell admitted this week that he doesn’t know a few things about the US economy. He does not know if it is doomed to fall into recession. He does not know how long high inflation will persist. And he doesn’t know if healthier supply chains will help much. “It’s very …

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