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The Independent UK
The Independent UK
National
Eric Garcia

Fed Chairman warns of ‘pain to come’ for US households as he outlines plan to tackle inflation

United States Jerome Powell Inflation US Federal Reserve Jackson Hole Wyoming
Getty Images

Federal Reserve Chairman Jerome Powell warned that of “pain to come” for US households as he outlined plans for the central bank to tackle inflation at a speech in Jackson Hole, Wyoming on Friday.

Mr Powell made the announcement during theJackson Hole Economic Symposium as the Federal Reserve has attempted to combat prices that have risen in the past year amid the Covid-19 pandemic.

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