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2022.09.08 21:51 GMT+8

Fed must act 'strongly' to avoid repeat of 1980s inflation spike: Powell

Updated 2022.09.08 21:51 GMT+8
CGTN

The Federal Reserve must continue to act "strongly" to cool demand and contain price pressures to avoid a repeat of the inflation surge the U.S. economy suffered in the 1970s and 1980s, Fed Chair Jerome Powell said Thursday.

Source(s): AFP
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