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Benzinga
Benzinga
Business
Marcus Sotiriou

Powell thinks rate hikes alone will not slow down gas prices

Jerome Powell Gas Prices Recession Goldman Sachs United States

Powell thinks rate hikes alone will not slow down gas prices

Bitcoin (CRYPTO: BTC) continues to consolidate above $20,000, whilst the fear of a recession continues. Concerns around the impacts of persistent inflation were exacerbated yesterday, as the Federal Reserve Chairman Jerome Powell testified before the Senate Banking committee.

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